Financing Project Decryption: How did Solix win $29.5 million in financing by introducing the MCP protocol to the DePIN network?
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How to Explore Web3 Frontiers? Web3Caff Research will carefully select and interpret the latest publicly disclosed Web3 financing projects. See through the phenomenon to the essence - immediately follow us to sense market trends.
**Author:** ShirleyLi, Web3Caff Research Researcher
**Cover:** Logo from this project, Typography by Web3Caff Research
**Word Count:** Over 1800 words
According to the official disclosure, on April 14, the DePIN project Solix received $29.5 million in financing from the Eclip Foundation.
According to the Messari-released "2024 DePIN Status Report", over 13 million devices globally interact with DePIN networks daily. However, DePIN is still in its early development stage, with its actual market scale occupying only 0.1% of the global terminal market valued near $1 trillion. Therefore, Web3 developers are turning their attention to the DePIN market, attempting to encourage users to contribute idle resources through blockchain's distributed technology and incentive mechanisms. The recently financed Solix is dedicated to solving bandwidth inequality and inefficient resource allocation in the current internet environment, constructing a decentralized physical infrastructure network.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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