Multicoin Led $10M Raise for Crypto-Incentivized Internet Infrastructure Network Pipe #NetworkCapacity

The company behind Pipe is trying to take on internet giants like Cloudflare and Akamai, by giving crypto incentives to those hosting the servers.#ServerMaintenance

Crypto venture giant Multicoin led a $10 million fundraise for the builders of Pipe, a proposed "content delivery network" (CDN) that uses tokens to incentivize people hosting internet infrastructure.

The startup building Pipe Network, Permissionless Labs, is focusing on one of the unseen but ubiquitous pieces of the modern internet. Many websites cannot afford to let their content lag as it zips long distances from hosting server to end-user. So they rely on networks of relay servers that can be called upon by the end-users to which they're geographically close. #ClosedAI
$SOL
A handful of powerful internet companies like Cloudflare and Akamai run the CDNs that proliferate the modern internet and keep it moving fast. Their systems work just fine. But Permissionless Labs thinks crypto incentives can prompt regular people to lend their own computing power into a competitive alternative.

Enter the decentralized virtual infrastructure network (or DeVIN), crypto's head-scratching evolution to the previous craze, decentralized physical infrastructure networks (DePIN). Think: Helium used tokens to prompt people to set up wifi routers in random places. The same basic tokenomics principles apply to Pipe's DeVIN setup. #setups

In its conception people can rapidly scale up CDN nodes in the places they're needed most by lending their existing computing power, CEO David Rhodus told CoinDesk. Their computers will then help end-users access cached content that might have otherwise been difficult to quickly deliver because of the distance between them.

The project will rely on the Solana blockchain, according to a press release. It is planning to launch a testnet at the Breakpoint conference in Singapore. #Solana_Blockchain

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🚀 **ClosedAI: Musk's Tweet Surge Sparks 2800% Rally!** 🌐💥

Hold onto your laughter, crypto enthusiasts! BlockBeats spills the beans – on March 7th, Elon Musk unleashed a tweet storm featuring 'ClosedAI,' catapulting this meme coin to an astronomical surge of over 2800% within a mere three hours! 🚀📈

🔍 **Elon's Tweet Magic:**
GeckoTerminal data spills the tea – Musk's tweets fueled the wildfire, propelling ClosedAI into the stratosphere. While the dust settled, the coin clings to an impressive 1800% gain, marking a meteoric rise in the meme coin cosmos.

📉 **Dips and Peaks:**
Yes, meme coins play in a realm of whimsy! BlockBeats highlights the rollercoaster, emphasizing that these digital jesters swing wildly in price. The report takes a neutral stance, neither cheering nor jeering, reminding us all that meme coins are more about fun than fundamentals.

🚨 **Objective Insight:**
BlockBeats delivers a straight-up report, steering clear of investment nudges. It's a neutral witness to the viral saga, shedding light on the feverish fluctuations without tipping the scales.

📉 **Handle with Humor:**
Remember, meme coins are the jesters of crypto, dancing to the tune of tweets and trends. While they may jest, proceed with caution – the jesters' dance is not for the faint-hearted.

In this crypto comedy, ClosedAI takes the stage – buckle up for more laughs, dips, and maybe even unexpected rallies! 🚀🤣 #ClosedAI #MemeCoinMania #TrendingTopic #Write2Earn‬