Andrena Secures $18M to Revolutionize Internet with Solana-Based Dawn Network!

In Brief:

Andrena, a U.S.-based ISP, has secured $18 million in funding led by Dragonfly Capital to develop Dawn, a decentralized broadband network using Solana blockchain.

Dawn aims to enable customers to generate income from unused broadband and plans to expand its reach to millions of homes in the U.S. and beyond.

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Andrena Raises $18 Million to Develop Solana-Based Depin Broadband Protocol Dawn

Andrena, a U.S.-based internet service provider, has successfully completed an $18 million extended Series A funding round.

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The round was led by Dragonfly Capital, with participation from CMT Digital, Castle Island Ventures, Wintermute Ventures, 6th Man Ventures, and Parafi.

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The funds will be utilized to develop Dawn, a decentralized broadband distribution network powered by the Solana blockchain.

Introducing Dawn: A Decentralized Broadband Network

Andrena serves hundreds of customers across 10 states, including New York, New Jersey, Texas, Tennessee, Florida, and Pennsylvania.

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The company is pioneering a decentralized physical infrastructure network (depin) project called Dawn, which stands for Decentralized Autonomous Wireless Network.

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Dawn leverages the Solana blockchain to facilitate operations and aims to include customers in generating income from their unused broadband.

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Revolutionizing Internet Service with Blockchain

According to Andrena, Dawn seeks to bypass the high costs associated with traditional ISPs by avoiding the need for copper wires and fiber optics

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By utilizing the wireless spectrum, the project simplifies reselling tasks and mitigates infrastructure-related issues. Neil Chatterjee, co-founder of Dawn and Andrena, compared the initiative to the way solar energy allows consumers to generate and sell their own utility.

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Expansion Plans and User Engagement

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The initial rollout of Dawn aims to reach millions of homes in the U.S., with plans to expand internationally.

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While the project launch date remains undisclosed, Dawn has already introduced a browser extension that enables users to connect to the network, validate information, and earn rewards for their participation.