[Samsung subsidiary invests in DePIN Roam]
Samsung Next, a subsidiary of Samsung Electronics, recently invested in Roam, an innovator focused on decentralized Wi-Fi (DeWi). According to South Korea's "Global Economic" report, this investment will help Roam establish a global Wi-Fi roaming node network. Roam is managed by MetaBlox and is committed to building a DeWi ecosystem.
Samsung Next is the venture capital arm of Samsung Electronics, focusing on investments in artificial intelligence, Internet of Things, cryptocurrency and blockchain technology. The unit operates in the United States and has invested in several international crypto projects, including FTX. Last year, Samsung Next participated in a round of strategic financing for Roam, successfully raising US$5 million. The specific investment amount has not been disclosed.
In addition, Samsung Next has previously supported several cryptocurrency and blockchain startups, including Vietnam’s Sky Mavis, developer of the blockchain game “Axie Infinity”, as well as Web3 developer platform Alchemy and the now-defunct NFT Enterprise Nifty's.
