The DEPIN project, SENDING NETWORK, has completed a financing of 7.5 million US dollars.

DEPIN project, SENDING NETWORK, has completed a $7.5 million financing round with participation from NOMAD CAPITAL, SYMBOLIC CAPITAL, WEB3 COM VENTURES, GALXE, SWC GLOBAL, BALAJI SRINIVASAN, and YIELD GUILD GAMES co-founder GABBY DIZON. SENDING NETWORK co-founder MASON YANG stated that the structure of this funding round is a simple agreement for future equity (SAFE) and concluded in October of last year. SENDING NETWORK is expected to launch multiple testnets this year and the mainnet is scheduled for release in the first quarter of 2025. (THE BLOCK)