Mawari Network Raises $10.8 Million to Build Solana-Based DePIN

Mawari Network, a decentralized physical infrastructure network (DePIN) based on Solana, has raised $10.8 million in a strategic financing round. The company plans to use the funds to further develop its spatial computing platform.

Anfield Ltd, Borderless Capital and 1kx co-led this round of financing, and Accord Ventures, Animoca Brands Japan, Blockchange Ventures, Draper Dragon, Samsung Next and other companies also participated in this round of financing.

Mawari Network is currently actively developing on Solana's development network and plans to launch its mainnet in the first quarter of next year.

Mawari Network is a decentralized physical infrastructure network (DePIN) that allows developers to build and deploy spatial computing applications on the Solana blockchain. The company's platform provides a variety of tools and services, including a location-based data marketplace, a real-time location tracking system, and a virtual reality development platform.

Mawari Network believes that its platform has the potential to revolutionize the way we interact with the physical world. By providing developers with a decentralized and scalable way to build and deploy spatial computing applications, the company hopes to enable the creation of a new generation of innovative and immersive experiences.

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