PANews reported on December 16 that according to Blockworks, VanEck invested $2.5 million in the decentralized autonomous wireless network DAWN. The investment came from VanEck's Digital Assets Alpha fund and VanEck Ventures. VanEck revealed that this strategic financing marks "the first time that multiple VanEck funds have made direct investments in the same company." Part of the $2.5 million will be used to expand retail participation through hardware, allowing users to create small networks for Internet sharing, and expand DAWN to an international scale.
Andrena CEO Neil Chatterjee said that with the launch of 5G and Starlink, society is moving from wired internet to fully wireless internet, and DAWN aims to take advantage of this "life change". Currently, the DAWN user base is mainly concentrated in the United States. The team's two biggest goals are achieved through its plan: on-chain revenue and home users. Chatterjee declined to disclose specific data for these two indicators, but pointed out that the team is working hard to achieve goals at the "millions" level.
Earlier in August, it was reported that Andrena, a DePIN project in the Solana ecosystem, completed a new round of financing of US$18 million, led by Dragonfly.
