Internet infrastructure network Pipe Network completes $10 million financing, led by Multicoin Capital

ChainCatcher news, according to CoinDesk, the internet infrastructure network Pipe Network, supported by crypto incentives, has completed a $10 million funding round led by Multicoin Capital.

David Rhodus, CEO of the startup Permissionless Labs building Pipe Network, stated that in the vision, people can quickly scale CDN nodes in the most needed areas by borrowing existing computing power. Their computers will help end users access cached content, which may be difficult to deliver quickly due to distance from the hosting servers.

Pipe Network will be built on the Solana network and plans to launch its testnet at the Breakpoint conference in Singapore.