CandleFocus Multicoin Led $10M Raise for Crypto-Incentivized Internet Infrastructure Network Pipe
2024-09-16
Author: Content Editor
Crypto venture firm Multicoin has led a $10 million fundraising round for Permissionless Labs, the creators of Pipe Network, a proposed content delivery network (CDN) that uses tokens to incentivize individuals to host internet infrastructure. Pipe Network aims to offer an alternative to established CDNs like Cloudflare and Akamai by allowing regular people to lend their computing power and rapidly scale up CDN nodes where they are most needed. The project will be built on the Solana blockchain and plans to launch a testnet at the Breakpoint conference in Singapore.
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