Pipe Network Secures $10M Funding Led by Multicoin Capital, Plans Launch on Solana Network

On September 16, COINOTAG reported the successful completion of a $10 million financing round for Pipe Network, an innovative Internet infrastructure network leveraging crypto incentives. The funding round was led by Multicoin Capital. David Rhodus, CEO of Permissionless Labs—the startup behind Pipe Network—explained that the initiative allows for rapid expansion of CDN nodes by utilizing existing computing power. This approach enhances the delivery of cached content to end users, mitigating latency issues caused by geographical distances. Built on the Solana network, Pipe Network aims to deploy its test network during the Breakpoint conference in Singapore. This advancement is poised to significantly optimize content delivery systems.