News

Foresight News reported that DePIN project DAWN has completed a $13 million Series B funding round, led by Polychain. The new funds will be used to accelerate global expansion, new deployments, and ecosystem partnerships. DAWN will continue to focus on expanding decentralized broadband worldwide.

According to Odaily, the decentralized broadband network protocol DAWN has announced the completion of a $13 million Series B funding round, led by Polychain Capital. The new funds will be used to expand the protocol's network coverage in the United States and advance its international market deployment. DAWN is built on Solana, allowing individuals and institutions to become network hosts by deploying wireless nodes, providing users with multi-gigabit broadband services, and earning rewards based on coverage quality and actual demand. This model aims to break the highly centralized infrastructure ownership structure of the traditional broadband industry by decentralizing network resources to end users, and belongs to the decentralized physical infrastructure (DePIN) application sector. Currently, DAWN's network covers more than 4 million households in the United States and has launched an international pilot in Accra, Ghana, focusing on areas where fiber optic deployment is costly and progressing slowly. The project has also introduced a hardware device called Black Box, which functions both as a router and a decentralized infrastructure node, supporting multiple blockchain ecosystems and enabling household users to directly participate in broadband services and earn revenue. (CoinDesk)

According to ChainCatcher, Arkham data shows that at 23:38, 2,224 ETH (worth approximately $6.59 million) were transferred from a certain exchange to Wintermute.