On March 5th, DePIN protocol io.net within the Solana ecosystem announced the completion of a $30 million Series A financing round, led by Hack VC, with participation from Multicoin Capital, 6th Man Ventures, M13, Delphi Digital, Solana Labs, Aptos Labs, Foresight Ventures, Longhash, SevenX, ArkStream, Animoca Brands, Continue Capital, MH Ventures, and OKX, as well as industry leaders including Solana founder Anatoly Yakovenk, Aptos founder Mo Shaikh and Avery Ching, Yat Siu of Animoca Brands, and Jin Kang of Perlone Capital. The raised funds will be used to establish the world's largest decentralized GPU network and solve the problem of AI computing shortages.
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