Modular L1 network U2U Network recently completed a round of financing of US$13.8 million, with investors including KuCoin Ventures, Chain Capital and many other well-known institutions. The funds will be used to promote the development of its Subnet technology. U2U Network is a Layer-1 blockchain that uses DAG technology and is compatible with EVM. Its innovative subnet technology provides developers with the ability to create scalable and flexible subnets, which is very suitable for efficient DePIN development.

U2U Network's team is composed of early contributors from Ethereum, Google and Infina, and its strength should not be underestimated. Co-founder Chloe Phung revealed that U2U Network is about to go public and is worth paying attention to. 🚀