U2U Network announced the successful completion of $13.8 million in financing, with major investors including KuCoin Ventures, Chain Capital and JDI Ventures. The financing will support the development of its DePIN ecosystem and hardware technology, especially its innovative subnet technology, which aims to solve the scalability and interoperability problems of blockchain and provide solutions for the Web3 ecosystem and decentralized physical infrastructure (DePIN). (Cointelegraph)