Multicoin Leads $10M Raise for Crypto-Incentivized Internet Infrastructure Network Pipe

Monday, 16 September 2024, 07:30

Crypto-Incentivized Internet Infrastructure Network Pipe has successfully raised $10 million, led by the prominent venture capital firm Multicoin. This innovative project aims to create a content delivery network (CDN) that utilizes tokens to reward users for hosting infrastructure. This fundraising initiative highlights the growing synergy between cryptocurrency and internet technologies. Investors are keenly observing developments in this space.
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Multicoin Leads $10M Raise for Crypto-Incentivized Internet Infrastructure Network Pipe

Overview of Pipe's Innovative Model

Pipe aims to revolutionize internet infrastructure by employing a crypto-incentivized model where users participate and get rewarded with tokens for hosting.

Significance of Multicoin's Investment

  • Multicoin's backing strengthens trust in Pipe's potential.
  • Investors are looking at how this could reshape the CDN landscape.

Implications for the Cryptocurrency Industry

This funding round signifies a positive shift towards more decentralized internet solutions and the adoption of blockchain technologies in everyday 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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