Web3 communication platform Sending Labs completes $20 million in seed extension round financing to rebuild the DePIN ecosystem including TCP/IP protocol

According to BlockBeats, on April 16, according to official news, Web3 communication platform SendingLabs recently announced the completion of a $7.5 million seed round extension financing, bringing its total seed round financing to $20 million. The investment was completed in October last year, with participation from Nomad Capital, Symbolic Capital, Web3.com Ventures, Galxe, SWC Global, Coinbase Ex-CTO Balaji Srinivasan and Yield Guild Games co-founder Gabby Dizon, marking a revolutionary milestone in the field of decentralized communications. SendingNetwork is building a decentralized communication network that aims to rebuild the TCP/IP model through blockchain, connect wallet addresses using decentralized routers, build peer-to-peer communications based on wallet addresses, and reshape Internet infrastructure to achieve better security, privacy, and user control. It is reported that SendingNetwork completed a $12.5 million seed round of financing in February last year. Decentralized communication plays a vital role as a key component of the DePin ecosystem. SendingNetwork enhances the reliability and resilience of distributed communication infrastructure through the decentralized routers of the community Host, enables enhanced data transmission between decentralized applications (dapps), and lays the foundation for building a more secure, decentralized and scalable Web3 ecosystem.