U2U Network, a modular layer-1 platform, leverages DAG and subnet technology to enhance DePIN applications, gaining significant backing from venture capital firms.
The appeal of decentralized physical infrastructure networks (DePIN) lies in their ability to decentralize the sharing of physical assets, removing intermediaries like Uber and Airbnb. Through blockchain and Web3 technologies, DePIN enables peer-to-peer exchanges of resources, offering a more direct and efficient system.
According to a 2023 Messari report, DePIN’s market potential is valued at $2.2 trillion, with projections to reach $3.5 trillion by 2028. Major DePIN projects have raised over $1 billion, demonstrating growing investor confidence in its future.
Among the emerging DePIN projects, one has gained notable attention from prominent venture capital firms such as Chain Capital, IDG Blockchain, Web3Port Foundation, V3V Ventures and recently, KuCoin Ventures.
U2U Network is a modular layer-1 network that leverages directed acyclic graph (DAG) technology and Ethereum Virtual Machine (EVM) compatibility for high-speed transactions and fast finality.
Its subnet technology enables the creation of customizable, independent sub-networks, offering scalability and flexibility tailored for DePIN applications. With solid performance, security and adaptable architecture, U2U Network provides developers with the tools to efficiently build and deploy DePINs.
Leveraging subnet technology to enhance DePIN ecosystems
As of the first quarter of 2024, over 93% of the global population uses smartphones to access the internet — a number expected to rise as these devices become increasingly powerful. Recognizing the untapped potential of daily internet usage, U2U Network launched its premier DePIN product, U2DPN, utilizing subnet technology.
The initiative offers a secure and cost-effective alternative to traditional VPNs. Within two months of its alpha release, U2DPN managed over 40,000 GB of bandwidth and connected nearly 60,000 nodes in 170 countries, generating significant business-to-business revenue in the artificial intelligence sector.
Following U2DPN’s launch, U2U Network has integrated 26 DePIN projects into its ecosystem, with more projects to be added. This initiative demonstrates U2U Network’s commitment to establishing a comprehensive solution that introduces DePIN to diverse communities worldwide, cementing its position across various markets.
Fostering global collaboration through the DePIN Alliance
To boost global recognition of DePIN technology, U2U Network and DePIN-focused projects and venture capitalists formed the DePIN Alliance, a collaborative space for growth. After its launch at Vietnam Blockchain Week, the Alliance is heading to Token2049 with “DePIN Alliance: Where DePIN, AI & IP Converge into RWA,” bringing together tech enthusiasts to connect and share ideas.
Driven by a shared interest in the DePIN concept, KuCoin Ventures, Chain Capital, IDG Blockchain, V3V Ventures and Web3Port Foundation have invested in the U2U Network.
The funding will enable U2U to fast-track the development of its DePIN subnet while expanding its global ecosystem in preparation for its upcoming token generation event (TGE). With backing from these venture capital firms, U2U Network has broadened its investor base and strengthened its global reach.
⚡️ @KuCoinVentures amplifies #DePIN innovations with strategic investment in @uniultra_xyz
— U2U Network (@uniultra_xyz) August 28, 2024
👉 Check out for more information: https://t.co/kDeqK1qTB5
KuCoin Ventures, the leading investment arm of @kucoincom - one of the world's most popular crypto exchange platforms with over… pic.twitter.com/IVU0sbZ8FX
“KuCoin Ventures is thrilled to partner with U2U Network, a modular layer-1 blockchain fully focused on DePIN and [the] perfect fit for DePIN,” said Mr. Bryn, senior investment manager of KuCoin Ventures, adding:
“This is more than a financial investment. It’s a strategic step for KuCoin Ventures into the promising DePIN market, aiming to enhance the tangible impacts of Web3 and blockchain technology in everyday life.”
With global venture capital powerhouses backing transformative DePIN projects, the fusion of DePIN with real-world applications looks increasingly feasible and promising.
By bridging the digital and physical realms, DePIN offers a more interconnected and decentralized world and stands at the forefront of a technological revolution that could redefine everyday life.
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