The modular L1 network U2U Network officially enters the hardware market with the launch of its first product, UPhone. This move marks the beginning of U2U Network's strategic layout to deeply integrate blockchain with physical infrastructure through DePIN hardware. The launch of UPhone aims to address long-standing core issues in the blockchain field, including scalability and user-friendliness. Additionally, this innovation is supported by the DePIN investment fund JDI Ventures, which is under the blockchain hardware company JDI Global.
According to previous reports, U2U Network completed a funding round of 13.80 million USD, with investments from KuCoin Ventures, Chain Capital, IDG Blockchain, Cointelegraph, V3V, JDI Ventures, Tesseract, IBG, Blockhive, Maxx Capital, UB Ventures, and others. The raised funds will support the ongoing development of U2U Network's Subnet technology. (Cointelegraph)