Press ReleaseIn a significant move underscoring its commitment to the mass adoption of Decentralized Physical Infrastructure Networks , IDG Blockchain will make a 7-digit investment into U2U Network as a co-lead of the seed round. This pivotal funding will enableto implement its innovative DePIN Subnet technology, marking a crucial step toward revolutionizing the exciting landscape of DePIN.
A proud member of the IDG Capital network, IDG Blockchain combines 20+ years of VC experience managing its earlier brother fund and a GP team of established technology and business experts in the Web3 space. IDG Blockchain is well-known in Southeast Asia and making its name known in the US. In fact, most of its portfolio companies are from the US. IDG Capital is renowned for pioneering venture capital in China.
Given DePIN’s bright future, IDG Blockchain's decision to invest in U2U Network was strategically aligned with the burgeoning demand and potential within the sector. U2U Network's pioneering technology in DePIN Subnets is a transformative advancement in applying blockchain to physical infrastructures.
U2U Network’s team includes over 120 team members and 40 contributors, formerly from various high-profile companies such as Kardiachain, Google, and Infina . The advisor team includes experts having affiliations with Stanford University, RMIT University, and Animoca. This makes their pool of expertise incredibly diverse and rich, positioning them strongly for leadership in the industry.