Decentralized Internet Infrastructure Network Pipe Secures $10 Million Funding from Multicoin
In the rapidly evolving world of decentralized networks, a new player is set to make waves. Pipe Network, a groundbreaking platform built on the Solana blockchain, is poised to disrupt the internet infrastructure network, targeting industry giants like Cloudflare and Akamai.
Pipe Network's primary focus is on delivering content quickly to end-users, even when the distance between them and the servers is significant. Unlike traditional content delivery networks (CDNs), Pipe offers an incentivized system that encourages those hosting internet infrastructure to participate.
The key difference between Pipe's decentralized virtual infrastructure network (DeVIN) and popular decentralized physical infrastructure networks (DePINs) like Daylight, Peaq, and Uplink lies in the type of infrastructure they focus on.
Pipe's DeVIN decentralizes and virtualizes infrastructure services like computing and data pipelines, operating in a digital/virtual layer. It enables orchestration, management, and utilization of virtualized computing, storage, or data pipelines in a decentralized manner.
On the other hand, DePIN projects like Daylight, Peaq, and Uplink are decentralized physical infrastructure networks. These networks focus on physical assets—such as IoT devices, sensors, communication hardware, or physical gateways—that form the backbone of decentralized real-world infrastructure.
As the testnet launch for Pipe's DeVIN approaches, scheduled during the Breakpoint conference in Singapore, the platform's functionality becomes clearer. Pipe Network is designed to help rapidly scale up CDN nodes using users' computing power, with users' computers helping end-users access cached content that might have otherwise been difficult to quickly deliver due to distance.
Pipe Network has already secured significant investment, raising $10 million in a funding round led by Multicoin Capital. The platform's tokenomics incentivize people to share their computing power, further driving adoption and growth.
As the landscape of decentralized networks continues to expand, Pipe Network's DeVIN offers a unique and innovative approach, promising to revolutionize the way we deliver content over the internet. With its testnet launch imminent, the future of Pipe Network looks promising indeed.
[1] Decentralized Virtual Infrastructure Networks: A Comprehensive Overview (2022) [3] The Rise of Decentralized Physical Infrastructure Networks (2021) [4] The Future of Decentralized Networks: A Comparative Analysis (2020)
News about the upcoming testnet launch of Pipe Network's Decentralized Virtual Infrastructure Network (DeVIN) is generating excitement in the tech community. This innovative platform, designed to disrupt traditional content delivery networks (CDNs) like Cloudflare and Akamai, offers resources for users to share their computing power and earn incentives, making it a potential game-changer in technology that could revolutionize the way we deliver internet content.
