According to BlockBeats, on July 27, Metabit Network announced the successful completion of a new round of US$10 million in strategic financing. The new funds will be used to promote innovation and development in the field of blockchain technology.

Metabit is a blockchain platform based on the hybrid consensus mechanism PoAS, which allows different nodes to play different roles and provide physical operation network, verification, packaging settlement, storage and bandwidth.

The Metabit v2.0 phase will transition to an AI-based multi-dimensional intelligent architecture, providing high-performance infrastructure for large-scale commercial applications and completely changing the Web3 ecosystem.

The Metabit Network team said this strategic financing provides strong support for continued innovation, enabling it to achieve technological breakthroughs and market expansion faster.