According to TechFlow, MXC announced that it has received strategic investment from JDI Ventures, a DePIN investment fund under JDI Global, a well-known blockchain hardware manufacturer. The amount of this round of financing is as high as 10 million US dollars.
The MXC team was founded in Berlin, Germany in 2017 and is committed to the development of the decentralized Internet of Things space. The MXC team has launched the first Layer3 zkEVM solution on Arbitrum. The technical team is led by the core members of the original zkSync, and the vision is to become the DePIN infrastructure of the Ethereum ecosystem.
JDI Global will work with the MXC team to provide funding, hardware research and development, market influence and other support to start-up DePIN projects to accelerate the construction of the DePIN ecosystem.