Blockcast Secures $2.85M to Develop Content Delivery Network on Solana
Blockcast, a leading company in the blockchain industry, has announced its plans to create a revolutionary content delivery network on the Solana blockchain. In a recent funding round, Blockcast successfully raised $2.85 million, with Lattice Fund leading the investment. Other notable participants in the funding round include Protocol Labs, Finality Capital Partners, AllianceDAO, Zee Prime Capital, RW3 Ventures, and angel investors such as Solana founder Anatoly Yakovenko.
Blockcast aims to address the growing demand for high-quality content delivery, including live streams, software updates, and games. The current infrastructure of the internet is struggling to keep up with the increasing need for high-fidelity content. Mike Zajko, a partner at Lattice Fund, recognizes this challenge and believes that Blockcast’s solution will redefine the future of community-driven networks.
Solana, with its low transaction cost, high throughput speed, and scalability, is the perfect platform for Blockcast’s decentralized physical infrastructure network (DePIN) projects. By leveraging Solana’s strong ecosystem of DePIN projects, Blockcast aims to create a more efficient and sustainable internet infrastructure.
Blockcast’s approach combines traditional broadcasting technology with internet streaming to deliver high-bandwidth content to large audiences, such as 4K live streams, with reduced data consumption, rebuffering, and latency. This not only improves the user experience but also alleviates congestion for internet service providers and lowers content delivery costs for content owners.
Omar Ramadan, the CEO of Blockcast, expressed his excitement about the project and the increased access to services it will provide to communities. Blockcast’s use of blockchain technology enables the deployment of highly scalable traffic servers, further enhancing the efficiency and sustainability of the internet ecosystem.
With the funding secured and a strong team behind them, Blockcast is set to revolutionize content delivery on the Solana blockchain. The future of community-driven networks looks promising with Blockcast leading the way.
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