Meson Network Closes Three Funding Rounds in Q1 2022

Meson Network, a blockchain-based bandwidth trading platform is elated to announce that it has successfully completed three rounds of funding within the first quarter of 2022.

Being on a journey to build the most significant open bandwidth marketplace in the world, the company has so far been able to attract interest from many partners and investors including Digital Currency Group, Youbi Capital, Zonff Partners, SevenX, Hashkey, Bixin Ventures, Permanent Ventures, Formless Capital, Bitscale Capital, Rarestone, CMT Digital, Kernel Ventures, Incuba Alpha, DHVC, Folius Ventures, Sanctor Capital, PAKA, Shima Capital, and Digital Renaissance.

According to the company, the funding round was led by Hash Global, Libertus Capital, Liang Xinjun(Cofounder of Fosun), with the platform believing that its lead investors have been able to recognize their contribution to the Web3 decentralized infrastructure, thus seeking to guide them as they push towards achieving the vision.

Meson Eyes Creating World’s Largest Bandwidth Marketplace

According to the announcement, Meson has its eyes placed on creating a bandwidth marketplace that will be recognized as the largest bandwidth marketplace all over the world.

This will see the platform allowing users to exchange their unused bandwidth resources with Meson for tokens, and those who need bandwidth will come to Meson’s market to borrow bandwidth anywhere in the world.

Furthermore, the platform unveils plans to launch the first mainnet version of Meson Network on Ethereum later in 2022. Thus, users will be able to trade bandwidth resources on Meson upon launch.

In addition, Meson is aiming to become the default provider of bandwidth resources for the Web 3 decentralized cloud according to the announcement which reads;

“We will support various EVM-compatible chains, lower the threshold for users to use the network, and begin to integrate decentralized home nodes as a complement to the network. In the third step, we will become the default provider of bandwidth resources for the Web 3 decentralized cloud. The future has come.”