Multicoin Led $10M Raise for Crypto-Incentivized Internet Infrastructure Network Pipe
Briefly

Crypto venture giant Multicoin led a $10 million fundraise for the builders of Pipe, a proposed "content delivery network" (CDN) that uses tokens to incentivize people hosting internet infrastructure.
Permissionless Labs focuses on optimizing content delivery by using a decentralized approach, where individuals lend their computing power to create a more competitive and efficient CDN alternative.
The decentralized virtual infrastructure network (DeVIN) aims to utilize tokenomics, similar to Helium, to incentivize users to set up computing nodes for improved content delivery.
Pipe Network will use the Solana blockchain and aims to launch a testnet during the Breakpoint conference, indicating strides towards a decentralized CDN solution.
Read at Coindesk
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