Coindesk
6 months agoDevOps
Decentralized Infrastructure Provider Grove Raises $7.9M
Grove, a decentralized physical infrastructure provider, has raised $7.9 million in funding from Avon Ventures, Placeholder Capital, and Druid Ventures.
The funding will be used to form partnerships and advance the adoption of DePIN, which uses blockchain technology and token incentives to build physical infrastructure.
Grove provides Web3 infrastructure and its native token (POKT) has a market cap of over $150 million. [ more ]