Mawari Network Raised $10.8M In New Solana DePIN Funding Round - Coincu

Key points:

• Mawari Network raised $10.8 million in strategic funding from Borderless Capital, 1kx and others.
• The Solana DePIN project is building a network aimed at scaling spatial computing.

Mawari Network raised $10.8M in a strategic funding round led by Anfield Ltd and Borderless Capital. The Solana-based DePIN project focuses on scaling spatial computing for AR, VR, and XR.

Mawari Network Raises $10.8M to Expand Spatial Computing

Mawari Network raised $10.8 million in a strategic funding round led by Anfield Ltd, Borderless Capital, and 1kx. The Solana-based DePIN project is focused on scaling spatial computing for the physical-digital worlds of AR, VR, and XR, according to The Block.

This investment will go toward further enhancements in the real-time delivery of 3D content by Mawari for immersive experiences. Its goal is to smoothen the process of spatial computing across industries for clients such as T-Mobile, Netflix, and BMW by bringing real-time, interactive 3D content to various devices, including smart glasses and headsets.

Read more: DAWN Review: DePIN Project Raises Huge Funds on Solana Ecosystem

Spatial Computing Pioneer Mawari Raises $10.8M

The round brings Mawari Network’s total funding to $10.8 million; the company is a decentralized infrastructure on Solana for real-time 3D content delivery to extended reality devices.

Mawari streamlines 3D content to an array of devices while minimizing latency by decentralizing its infrastructure. So far, it has worked with clients like T-Mobile and BMW. Further, Mawari plans to add more decentralized nodes to its network in advance of the mainnet launch slated for next year, 2024.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.