Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Modular Layer-1 public chain U2U Network completes $13.8 million financing

Modular Layer-1 public chain U2U Network completes $13.8 million financing

CointimeCointime2024/11/29 00:22
By:Cointime

On November 29th, the modular Layer-1 public chain U2U Network announced the completion of a total financing of 13.8 million US dollars. This round of investors includes well-known institutions such as KuCoin Ventures, Chain Capital, IDG Blockchain, Cointelegraph, JDI Ventures, etc. Among them, JDI Ventures also made equity investments to support U2U Network's research and development in hardware technology. This financing will be used to advance the development of subnet technology for U2U Network, which emphasizes infinite scalability and DoD (on-demand decentralization). The project is scheduled to be launched in the near future.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Bitcoin Mining Difficulty Hits New All-Time High

Bitcoin mining difficulty reaches a record high, signaling stronger network security and rising confidence.Stronger Than Ever: What This Milestone MeansWhy It’s Bullish for BitcoinThe Bigger Picture

Coinomedia2025/04/06 14:22
Bitcoin Mining Difficulty Hits New All-Time High

GMGN Earns $60M in SOL, Powers Solana Growth

GMGN earns $60M in SOL fees, stakes all to support Solana. Transaction speed hits 0.58 seconds.GMGN Stakes $60M to Boost SolanaSolana’s Speed Keeps ClimbingConfidence in the Ecosystem

Coinomedia2025/04/06 14:22
GMGN Earns $60M in SOL, Powers Solana Growth

Phaver Shuts Down as Token Crashes 99% Since TGE

Phaver shuts down after a 99% token crash. Costly listings and no token sales left the team without enough funds to continue.The Fall of Phaver: What Went Wrong?Massive Costs, No RevenueLessons for Web3 Startups

Coinomedia2025/04/06 14:22
Phaver Shuts Down as Token Crashes 99% Since TGE

Why the Bitcoin Halving Cycle Is Far From Over

Bitcoin bull markets usually peak 500 days after halving. Here's why there's still time to capitalize.The Cycle Isn’t Over YetUnderstanding the 500-Day PatternHold Steady, Don’t Panic

Coinomedia2025/04/06 14:22
Why the Bitcoin Halving Cycle Is Far From Over