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U2U Network - Seed
Overview
Funding Date
June 27, 2024
Financing amount
--
Valuation
--
Catagory
Subcategory
About U2U Network - Seed
In a significant move underscoring its commitment to the mass adoption of Decentralized Physical Infrastructure Networks (DePIN), IDG Blockchain will make a 7-digit investment into U2U Network as a co-lead of the seed round. This pivotal funding will enable U2U Network to implement its innovative DePIN Subnet technology, marking a crucial step toward revolutionizing the exciting landscape of DePIN.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | Vietnam | 2022 | 5 | -- |
Company Profile / Project Introduction
U2U Network is a next-generation blockchain solution designed for scalability and real-world applications. U2U Network combines the power of a DAG-based Layer 1 network with EVM compatibility, OstracismVM, and modular subnet technology to achieve high performance (72K TPS) and fast transaction finality (650ms). This architecture allows for seamless communication between the mainnet and subnets, fostering a vibrant ecosystem (U2U Ecosystem) that caters to developers and users.