Andrena Secures $18 Million for Development of Solana-Based Depin Broadband Protocol
Andrena, a U.S.-based ISP, has completed an $18 million extended Series A funding round led by Dragonfly Capital, with participation from CMT Digital, Castle Island Ventures, Wintermute Ventures, 6th Man Ventures, and Parafi.
The funds will develop Dawn, a decentralized broadband network utilizing the Solana blockchain. Dawn aims to offer a decentralized alternative to traditional broadband by allowing users to monetize unused bandwidth and avoid the high costs of traditional infrastructure.
The project, likened to solar energy’s impact on power grids, plans to initially target U.S. homes and later expand internationally. Dawn has also released a browser extension for users to connect to its network and earn rewards.
Clever Robot News Desk 12th August 2024
