Modular Layer-1 public chain U2U Network completes $13.8 million financing
On November 29th, the modular Layer-1 public chain U2U Network announced the completion of a total financing of 13.8 million US dollars. This round of investors includes well-known institutions such as KuCoin Ventures, Chain Capital, IDG Blockchain, Cointelegraph, JDI Ventures, etc. Among them, JDI Ventures also made equity investments to support U2U Network's research and development in hardware technology. This financing will be used to advance the development of subnet technology for U2U Network, which emphasizes infinite scalability and DoD (on-demand decentralization). The project is scheduled to be launched in the near future.
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