The DePIN project DAWN has completed a $2.5 million financing round, with participation from VanEck Ventures and others

ChainCatcher news, according to Blockworks, the DePIN project DAWN (Andrena) has completed a $2.5 million financing round, with participation from VanEck Ventures and VanEck's Digital Assets Alpha Fund.

According to the Web3 asset data platform RootData, [DAWN](https://www.rootdata.com/zh/Projects/detail/DAWN - Andrena?k=NzExNQ== "Decentralized Wireless Network") is a decentralized wireless network designed to provide internet services, developed by the Andrena team. Owners or residents have the opportunity to buy and sell internet capacity in their surrounding areas—allowing users to operate as their own internet service providers. DAWN facilitates a trustless exchange system that utilizes backhaul, location, and frequency proofs.

ChainCatcher previously reported that in August 2024, according to The Block, the Solana-based DePIN project Andrena completed a $18 million financing round, led by Dragonfly, with participation from CMT Digital, Castle Island Ventures, Wintermute Ventures, 6th Man Ventures, and ParaFi.