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Andrena, a Solana-based decentralized internet project, has successfully raised $18 million in a Series A extension to develop its DAWN protocol. This initiative aims to transform the internet from a provider-owned model to a consumer-owned model by allowing users to sell extra internet bandwidth. The funding round was led by Dragonfly and includes contributions from Modular Capital. Andrena's DAWN protocol, developed in collaboration with Princeton professor Pramod Viswanath, utilizes 'proof of backhaul' technology to ensure reliable connections. The project is pioneering decentralized broadband services with multi-gigabit wireless technology.
🚀 Congrats to @dawninternet on their $18M raise! The DAWN protocol, built by @andrena_wifi — a Wintermute Ventures portfolio company — is pioneering decentralized broadband with multi-gigabit wireless tech, allowing users to own and manage their internet infrastructure ↓↓↓ https://t.co/RTtqaFYo5T
🌅 DAWN is Coming Decentralized Autonomous Wireless Network with multi-gigabit wireless technology powered by crypto and $18M in fresh funding led by @dragonfly_xyz . https://t.co/Vfp8qOEM7E 1/Let's Talk @dawninternet
Excited to have @Modular_Capital back @dawninternet as part of their $18M raise. DAWN is building the first DePin protocol offering multi-gigabit decentralized broadband built on @solana We first met @neilc_dawn in Q3 2023 last year. At the time @andrena_wifi had already built… https://t.co/66dGF3Mxj2 https://t.co/7MTTd08E3x
