According to ChainCatcher, decentralized content delivery network Blockcast announced that it has completed a financing of US$2.85 million, led by Lattice Fund, with participation from angel investors such as Protocol Labs, Finality Capital Partners, AllianceDAO, Zee Prime Capital, RW3 Ventures, and Solana founder Anatoly Yakovenko. Specific valuation information has not yet been disclosed.

According to RootData, Blockcast is a decentralized content delivery network and marketplace designed to help broadcasters get more traffic and reach a wider audience. The platform helps bridge the gap between TV and online streaming by tokenizing unused TV spectrum to deliver content. The cost of streaming a 4K movie to 10,000 viewers through servers such as Cloudflare typically costs about $1,000, but using Blockcast can reduce costs by 96%.