The Future of Web3 Communications: SendingNetwork Raises $7.5 Million in Seed Extension Funding
Imagine a decentralized physical infrastructure network (DePIN) project revolutionizing web3 communications with a focus on efficiency and security. SendingNetwork, the brainchild of Mason Yang and his team, has recently secured $7.5 million in a seed extension funding round, attracting prominent investors like Nomad Capital, Symbolic Capital, and Web3.com Ventures among others. Letโs delve into what makes SendingNetwork a game-changer in the realm of decentralized communications.
Decentralizing Communications with SendingNetwork
- SendingNetwork is a groundbreaking DePIN project dedicated to decentralizing communications by reconstructing the TCP/IP stack, the backbone of internet communication protocols.
- By integrating application layer protocols like XMPP, SMTP, HTTP, and FTP within the web3 environment, SendingNetwork paves the way for enhanced streaming, improved CDN performance, and faster decentralized storage retrieval.
- The project aims to offer a communication experience that is not only efficient and secure but also flexible for both developers and users, introducing innovations like a โdecentralized routerโ that replaces traditional IP addresses with wallet addresses.
Transitioning from Web2 to Web3
- Prior to launching SendingNetwork in 2022, Mason Yang and Joeyz Yu, the co-founders, gained recognition for developing Dolphin, a popular Android browser that garnered over 200 million users worldwide through their company, MoboTap.
- Motivated by the emergence of Ethereum and the challenges encountered during Dolphin browserโs delisting, Yang and Yu shifted their focus to the realm of web3 technology, emphasizing the significance of community support and decentralization.
- SendingNetwork is being constructed on Linea, Consensysโ Ethereum Layer 2 blockchain, with plans to support all Ethereum virtual machine-compatible chains, introducing innovative applications like SendingMe, a decentralized platform encompassing chatting, socializing, and trading activities.
SendingNetwork Launches and Future Endeavors
- Anticipated to roll out several testnets throughout the year and establish its mainnet by the first quarter of 2025, SendingNetwork is poised for a transformative journey in the web3 communications landscape.
- With a growing team of over 30 professionals, SendingNetwork is actively seeking to expand its workforce by recruiting more developers to drive innovation and growth within the project.
- Emphasizing a collaborative approach, Mason Yang views competitors not as adversaries but as potential allies, highlighting projects like XMTP Labs as fellow pioneers in decentralized communication protocols.
Hot Take: Revolutionizing Web3 with SendingNetworkโs Vision
Embark on a journey towards pioneering web3 communications with SendingNetwork, a trailblazing DePIN project reshaping the future of decentralized communications. Join us in exploring the innovative landscape of decentralized infrastructure and discover a realm of possibilities in web3 technology.
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