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Meson Community Raises $3.5M for Bandwidth Market

Meson Community Raises $3.5M for Bandwidth Market

The funding spherical became once co-led by Libertus, Cloak Community, and Hash World.

One more crypto project closes a worthwhile funding spherical.

Meson Community Completes Raise 

Meson Community, a project focussed on constructing an efficient bandwidth marketplace for Web3, has raised $3.5 million in a funding spherical.

The spherical became once co-led by Libertus, Cloak Community, and Hash World, while a form of contributors incorporated Digital Currency Neighborhood, Youbi Capital, Hashkey, Zonff, SevenX, Permanent Ventures, CMT Digital, Rarestone Capital, DHVC, and Sanctor Capital. LayerX will moreover attend the project with rising market affect and adoption. Josh Hannah, Sam Williams, Thomas Bailey, Jack Herrick, Cecilia Li, and Meltem Demirors moreover contributed to the spherical.

Meson Community is aiming to connect users to bandwidth thru its market, performing as a supply of computing energy for storage layer projects worship IPFS and Arweave. It’s hoping to give users a map to monetize their spare bandwidth thru its open market.

Sherlock Shi, CEO of Meson Community, acknowledged of the funding spherical:

“Uniswap has demonstrated the energy of enabling lengthy-tail sources. We’re moreover available in the market of serving lengthy-tail sources and their markets. We goal to modified into the field’s greatest market in bandwidth.”

The crypto station has considered a colossal series of funding rounds in newest months, with projects worship Solana raising $314 million in a non-public token sale. Even supposing it hasn’t been printed exactly how the $3.5 million sum will more than seemingly be frail, Meson Community is presently working its Testnet-2.5. The click open moreover notes that the funds will more than seemingly be frail “to procedure [a] bandwidth market on Web3.”

Disclosure: At the time of writing, the author of this characteristic had exposure to UNI in a cryptocurrency index. Some founders of Sanctor Capital possess been fragment of the Crypto Briefing crew and retain equity in the company. 

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