According to TechFlow, Shaga, a DePIN project in the Solana ecosystem, announced the completion of a US$1 million angel round of financing, led by Arca, with participation from Skybridge20 Ventures, Quotient Ventures, MARIN DIGITAL VENTURES and others.

Earlier news, Shaga announced the winning projects of the DePIN track of the 8th Hackathon "Hyperdrive" for the Solana Foundation.