Funding announcement highlights significant investment in decentralized networks and exchanges

Major funding announcements were made in the tech and cryptocurrency space this week, according to Blockworks. Internet service provider (ISP) Andrea revealed plans to launch a decentralized physical infrastructure network (DePIN) for decentralized broadband. Decentralized Autonomous Wireless Network (DAWN) received $18 million in a round led by Dragonfly, with participation from CMT Digital, Castle Island Ventures and Wintermute Ventures.

Another notable funding announcement came from zk-driven exchange Vessel, which raised $10 million in a seed round with participation from Sequoia, Scroll and Folius Ventures.

Other significant funding rounds include DeFi revenue infrastructure company Zoth, which raised $4 million in a strategic funding round with investors including Taisu Ventures, Fat Cat Ventures and AstraX Capital.

Payman AI, which specializes in building artificial intelligence into human payments, announced a $3 million pre-seed funding round with investors including Visa, CB Ventures and Untapped Capital.

Blockscout, a block browser for EVM-based blockchains, raised $3 million in a funding round led by 1kx, with participation from Gnosis and Primitive Ventures.

Nexio, a parallelized bitcoin aggregator, announced $2.2 million in pre-seed funding led by Lattice.