Solana ecological DePIN protocol io.net completed US$30 million in Series A financing, led by Hack VC

BlockBeats news, on March 5, Solana ecological DePIN protocol io.net announced the completion of a $30 million Series A financing, led by Hack VC, 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 Ventures, as well as investors including Solana founder Anatoly Yakovenk, Aptos founders Mo Shaikh and Avery Ching, Animoca Brands founder Yat Siu and Perlone Capital’s Jin Kang Industry leaders participated in the investment. Funds raised will be used to build the world’s largest decentralized GPU network and address the AI computing shortage. BlockBeats previously reported that the Solana-based DePIN protocol io.net launched the first phase of its points reward program on March 1. The program, called Ignition, runs until April 28. The program will award points based on the GPU users provide to the network.