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HomeFunding Singapore-based Meson Network Secures Funding From OKX Ventures

[Funding Alert] Singapore-based Meson Network Secures Funding From OKX Ventures

OKX Ventures has invested in Meson Network, a decentralized physical infrastructure network (DePIN) situated in Singapore.

The deal’s total value was not made public. The money will be used by the business to increase operations and development initiatives.

Meson Network focuses on scalability, efficiency, and technologies while offering big data and decentralized bandwidth solutions. With more than 250,000 active nodes spread over 153 countries, its decentralized network can currently handle over 26 Tb/s of traffic.

Read also – Singapore-based EchoTik Secures Tens of Millions of RMB in Angel Funding

Updates for March 18, 2024 have been released by OKX Ventures, the investment division of OKX, the top cryptocurrency exchange and Web3 technology firm in the globe.

Meson Network is making impressive strides in the quickly developing fields of big data solutions and decentralized bandwidth, with a focus on efficiency, scalability, and cutting edge technologies.

Meson’s decentralized network has over 250,000 active nodes spread across 153 countries, and it can reach a bandwidth capacity of over 26 Tb/s, which is one-tenth of Akamai’s capacity, all thanks to its community. This accomplishment lays a solid foundation for further growth.

Read also – Oman-based platform Zameeli secures equity crowdfunding via Mamun platform

With an initial financial commitment of USD 100 million, OKX Ventures is the investment division of OKX, the Web3 technology firm and the second-largest cryptocurrency exchange by trading volume.

It focuses on examining the top blockchain projects worldwide, funding innovative blockchain technology, encouraging the robust growth of the global blockchain market, and making long-term structural value investments.

About OKX Ventures

OKX Ventures is the investment division of OKX, the Web3 technology firm and the second-largest cryptocurrency exchange by trading volume. With an initial financial commitment of USD 100 million.

About Meson Network

Meson Network focuses on scalability, efficiency, and technologies while offering big data and decentralized bandwidth solutions.

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