KuCoin Ventures amplifies DePIN innovations with strategic investment in U2U Network
KuCoin Ventures, the leading investment arm of KuCoin Exchange — one of the world’s most popular crypto exchange platforms with over 34M users worldwide, has announced an investment in U2U Network to boost the DePIN growth globally.
KuCoin Ventures aims to invest in the most disruptive cryptocurrency and blockchain projects in Web 3.0 era. KuCoin Ventures’ portfolio has a wide range of renowned projects in Web3, including UXLINK, The Open Network (TON), Taiko, Polyhedra Network, XION (Burnt), GoPlus, Port3 Network, NexGami, Merlin Chain, B² Network, bitSmiley, Crystal Fun, Halo Wallet, etc. KuCoin Ventures boasts an impressive and diverse portfolio that spans the entirety of the Web3 and blockchain landscape. This extensive array demonstrates the profound investment expertise and the unwavering commitment of KuCoin Ventures to empowering crypto/Web 3.0 builders, highlighting their significant influence and leadership in the industry.
United by a shared vision for the cutting-edge DePIN concept, KuCoin Ventures, following the footsteps of Chain Capital, IDG Blockchain, V3V, and Web3Port Foundation, to invest in U2U Network, a pioneering modular chain built on top of DAG and compatible with EVM. This timely funding boost will accelerate their initiatives, allowing them to rapidly enhance their DePIN Subnet, expand their DePIN ecosystem on a global scale, and methodically advance toward the Token Generation Event (TGE) milestone. With this strong endorsement from KuCoin Ventures, U2U Network broadens its geographical investor base and delivers significant impacts worldwide. Amid the rising trend of DePIN and AI, KuCoin Ventures has recognized great potential in U2U Network not only for its innovative vision in DePIN but also for its pioneering efforts to shape the future of the AI and RWA sectors.
U2U Network, setting sights on becoming a comprehensive ecosystem for Web3 builders, is dedicated to delivering a robust infrastructure emphasizing a Modular Layer-1 Network and a DePIN Ecosystem. Tailored to real-world applications, U2U Network brings its revolutionary Subnet with infinite scalability and decentralization on demands (DoD). It delivers a reliable infrastructure for Web3 ecosystems and facilitates complex, high-performance decentralized applications with unmatched security and efficiency while aspiring to be the one-stop solution for enterprise-level needs. All this makes our network structure a perfect fit for DePIN.
U2U Network has achieved notable milestones with U2DPN, its flagship DePIN product, leveraging Subnet technology as a secure, cost-effective VPN alternative. U2DPN has managed over 40,000 GB of bandwidth and engaged nearly 60,000 nodes across 170 countries after just two months of alpha launch, generating substantial business-to-business revenue in the AI sector. Following the launch of U2DPN, U2U Network has incorporated 26 leading DePIN projects into its DePIN ecosystem and continues to expand, with numerous other projects joining the integration. The U2U Network DePIN Ecosystem unites all DePIN projects to introduce DePIN to diverse communities worldwide. This initiative highlights U2U Network’s dedication to positioning itself as a comprehensive solution across multiple markets.
Mr. Bryn — Senior Investment Manager of KuCoin Ventures, expressed enthusiasm about their investment:
“KuCoin Ventures is thrilled to partner with U2U Network, a modular layer-1 Blockchain fully focused on DePIN and perfect fit for DePIN. This is more than a financial investment, it’s a strategic step for KuCoin Ventures into the promising DePIN market, aiming to enhance the tangible impacts of Web3 and Blockchain technology in everyday life.”
KuCoin Ventures and U2U Network are pioneering a transformative era for decentralized applications and infrastructure to forge a more interconnected and efficient world, reshaping how people interact with technology on a global scale.
