DePIN dedicated chain MXC receives US$10 million in financing led by JDI

MXC announced it has received a strategic investment of $10 million led by JDI Ventures, a DePIN-focused investment fund under blockchain hardware manufacturer JDI Global. The MXC team was founded in Berlin, Germany in 2017 and has been committed to the development of DePIN space. The team has launched the first Layer3 zkEVM solution on Arbitrum, with the vision of becoming the DePIN infrastructure of the Ethereum ecosystem. The technology team, led by former zkSync core members, will continue to push the boundaries of DePIN technology. JDI Global will work with the MXC team to provide funding, hardware development, and market influence support for early-stage DePIN projects, accelerating the development of the DePIN ecosystem.