Andrena Secures $18 Million to Enhance Decentralized Broadband Protocol DAWN

Andrena Secures $18 Million to Advance Decentralized Broadband Protocol

Andrena, a pioneering wireless internet provider, has successfully raised $18 million in funding aimed at enhancing its groundbreaking protocol for decentralized broadband. This innovative protocol, known as DAWN, represents a significant leap forward in the creation of a decentralized physical infrastructure network (DePIN), which seeks to deliver internet access to homes without the dependence on traditional, centralized providers.

Currently, DAWN is operating in a testnet environment as the team prepares for its upcoming launch on the Solana blockchain. The concept of DePIN revolves around utilizing blockchain technology and token-based incentives to build physical infrastructure networks, thereby eliminating the need for individual projects to invest in and manage their own equipment. This model is akin to a decentralized version of major cloud service providers like Amazon Web Services (AWS) or Google Cloud.

One of the key features of DAWN is its integration of blockchain technology to facilitate a trustless exchange system among network participants. This enables a novel metric known as “proof of backhaul”, which measures the throughput capacity at each network node, ensuring reliability and efficiency.

The recent funding round was spearheaded by Dragonfly, with additional contributions from notable investors including CMT Digital, Castle Island Ventures, and Wintermute Ventures. The capital raised will be instrumental in finalizing DAWN’s protocol and developing its smart contracts, setting the stage for a transformative shift in the broadband landscape.