Decentralized content delivery network Blockcast completes $2.85 million financing, led by Lattice Fund

ChainCatcher news, the decentralized content delivery network Blockcast announced the completion of a $2.85 million financing round, led by Lattice Fund, with participation from Protocol Labs, Finality Capital Partners, AllianceDAO, Zee Prime Capital, RW3 Ventures, and angel investor Anatoly Yakovenko, the founder of Solana. Specific valuation details have not been disclosed.

According to RootData, Blockcast is a decentralized content delivery network and marketplace designed to help broadcasters gain more traffic and reach a wider audience. The platform aims to bridge the gap between television and online streaming by delivering content through tagging unused television spectrum. The cost of streaming a 4K movie to 10,000 viewers via servers like Cloudflare is typically around $1,000, but using Blockcast can reduce that cost by 96%.