There’s a new crypto startup who wants to disrupt traditional internet providers. And they’ve got some of the biggest venture capitalists in digital assets backing them.
What’s happening:
- Decentralized physical infrastructure startup Andrena has raised $18M USD in a new financing round
- The round was led by Dragonfly, with notable participation from Wintermute Ventures and Castle Island Ventures
The big idea:
- Andrena is aiming to disrupt centralized internet providers by enabling users to access wireless internet without needing to purchase or host any hardware
- Andrena remotely provides internet access to users by beaming connectivity to the rooftop of residential and commercial buildings that have already been wired for compatibility to their network
Going deeper:
- Andrena is planning to officially launch their decentralized protocol known as DAWN on the Solana blockchain in the near future which will enable token incentives for users who participate in their network
The intrigue:
- Decentralized physical infrastructure startup Roam previously landed a strategic investment from Samsung for their network of easily accessible Wi-Fi hotspots which are hosted in public spaces globally
