Multicoin’s $10M Investment in Future Internet Infrastructure

Monday, 16 September 2024, 14:30

Multicoin stands at the forefront of innovation after leading a $10 million raise for Pipe, a crypto-incentivized internet infrastructure network. This investment marks a significant milestone in developing decentralized internet solutions. Pipe aims to launch a testnet during the Breakpoint conference in Singapore, paving the way for groundbreaking advancements in internet connectivity.
Coindesk
Multicoin’s $10M Investment in Future Internet Infrastructure

Multicoin’s Strategic Move

Multicoin has recently invested $10 million in Pipe, an innovative network aimed at enhancing internet infrastructure through cryptocurrency incentives.

Pipes Plans

As part of their ambitious initiative, Pipe aims to roll out a testnet at the upcoming Breakpoint conference in Singapore. This event is set to be a significant moment for showcasing their capabilities in building a crypto-based internet.

  • Investment Summary: Multicoin’s backing highlights the growing trend towards decentralized solutions.
  • Future Developments: Observers are keen to see how Pipe's technology will reshape internet infrastructure.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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