Blockcast Secures $2.85 Million to Develop Content Delivery Network on Solana
Blockchain company Blockcast has announced its plans to create a new content delivery network built on the Solana blockchain. The company recently raised $2.85 million in a funding round led by Lattice Fund, with participation from Protocol Labs, Finality Capital Partners, AllianceDAO, Zee Prime Capital, and RW3 Ventures, as well as angel investors including Solana founder Anatoly Yakovenko.
Blockcast aims to address the growing demand for high-quality content delivery by combining traditional broadcasting technology with internet streaming. The company’s scalable content delivery networks will be capable of handling high-bitrate live streams, software updates, and games. The goal is to redefine the future of community-driven networks using Solana’s strong ecosystem of DePIN projects.
Solana is an ideal platform for decentralized infrastructure projects like Blockcast due to its low transaction costs, high throughput speed, and scalability. By leveraging blockchain technology, Blockcast aims to create a more efficient and sustainable internet ecosystem.
This innovative approach not only enhances the user experience but also alleviates congestion for internet service providers and lowers content delivery costs for content owners. Blockcast’s solution comes at a time when global internet traffic is rapidly increasing, with live streaming accounting for a significant portion of this traffic.
Blockcast’s CEO, Omar Ramadan, expressed excitement about the potential impact of their solution, stating that it will provide increased access to services for communities. The company has put significant effort into meeting the security and service-level agreement requirements of major streaming platforms.
With this recent funding, Blockcast is well-positioned to develop its content delivery network on Solana and contribute to the evolution of community-driven networks in the future.
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