October 15, 2024
Blockcast, a CDN (Content Delivery Network) built on Solana, has successfully completed its initial seed funding round. This round drew interest from Solana co-founder Anatoly Yakovenko, who is listed as one of the protocol’s Angel Investors. The $2.85 million raise was led by Lattice Fund, with contributions from notable investors such as Protocol Labs, Finality Capital Partners, AllianceDAO, Zee Prime Capital, and RW3 Ventures.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|---|
Blockast | $2.85M | October 15, 2024 | Seed Round | Lattice Fund | DePIN |
With the initial funding secured, Blockcast is now focusing on developing its platform and rapidly deploying its global infrastructure network. To engage network participants early, Blockcast has launched a pre-order campaign for its home RELAY nodes, which aim to enhance stream quality and offer weekly rewards.
About Blockast
Blockcast is an innovative content delivery network (CDN) built on the Solana blockchain. It uses a unique caching architecture and multicast technology to provide efficient and cost-effective content delivery. By leveraging a network of community-operated nodes, Blockcast can deliver high-quality streaming experiences while significantly reducing delivery costs. This approach allows content providers to reach more users, even in remote areas, and ensures a higher quality of experience for end-users.
Website: https://www.blockcast.network/
About Investor
Investor: Lattice Fund
Lattice Fund is an early-stage venture capital firm that focuses on supporting crypto and blockchain startups. Since 2017, Lattice has been helping founders build sustainable businesses from the ground up. The team at Lattice is dedicated to providing the resources and guidance needed for early-stage companies to succeed in the rapidly evolving world of decentralized technology.
Location: San Francisco
Website: https://www.lattice.fund/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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