Internet Infrastructure Network Pipe Network Completes $10 Million Funding Round, Led by Multicoin Capital
ChainCatcher News: Pipe Network Raises $10 Million Led by Multicoin Capital
According to CoinDesk, Pipe Network, a web infrastructure network that utilizes crypto incentives, has closed a $10 million funding round led by Multicoin Capital.
David Rhodus, CEO of Permissionless Labs, the startup building Pipe Network, explained that the vision is to allow people to quickly expand CDN nodes in areas of high demand by lending their existing computing power. Their computers would help end users access cached content that might be difficult to deliver quickly due to distance from the hosting servers.
Pipe Network will be built on the Solana network and is scheduled to launch its testnet at the Breakpoint conference in Singapore.
