PANews reported on December 10 that according to Cointelegraph, the modular L1 network U2U Network has officially entered the hardware market and will launch its first product, UPhone. This move marks the start of U2U Network's strategic layout to deeply integrate blockchain with physical infrastructure through DePIN hardware. The launch of UPhone aims to solve long-standing core problems in the blockchain field, including scalability and user-friendliness. In addition, the innovation is supported by JDI Ventures, a DePIN investment fund under blockchain hardware company JDI Global.
Earlier news , U2U Network completed a financing of 13.8 million US dollars, with KuCoin Ventures, Chain Capital, IDG Blockchain, Cointelegraph, V3V, JDI Ventures, Tesseract, IBG, Blockhive, Maxx Capital, UB Ventures and other investors. The funds raised will support the continued development of U2U Network Subnet technology.
