WiFi Provider Andrena Raises $18M to Offer Decentralized Broadband
- bhoomisinghal0
- Aug 8, 2024
- 1 min read
Wireless internet provider Andrena has raised $18 million in funding to develop a protocol for decentralized broadband. The protocol, known as DAWN, is a decentralized physical infrastructure network (DePIN), designed to provide homes with internet access without having to rely on centralized providers. DAWN is currently operating in a testnet environment ahead of launching on Solana, Andrena announced via email on Wednesday. DAWN incorporates blockchain technology to build a trustless system of exchange between network participants to allow for a "proof of backhaul" - a measure of throughput capacity at each node.
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