Internet infrastructure network Pipe Network completes $10 million financing, Multicoin Capital leads the investment

According to CoinDesk, Pipe Network, an Internet infrastructure network that supports crypto incentives, has completed a $10 million financing round led by Multicoin Capital. David Rhodus, CEO of Permissionless Labs, a startup that built Pipe Network, said that in the conception, people can quickly expand CDN nodes where they are most needed by lending existing computing power. Their computers will help end users access cached content that may be difficult to deliver quickly because of the distance from the hosting server. Pipe Network will be built on the Solana network and plans to launch a test network at the Breakpoint conference in Singapore.