According to Techub news, on July 31, The Block reported that the DePIN project Daylight completed a $9 million Series A financing, led by A16z Crypto, with participation from Future Money Group, Framework Ventures, Lattice Fund, Escape Velocity and Lerer Hippeau. Co-founder and CEO Jason Badeaux said that the company started in April and completed the financing process within 10 days. The project is committed to building a decentralized energy protocol on the Base blockchain. The Series A financing brings Daylight's total financing to $13 million. Previously, the company raised $4 million in seed funding in the summer of 2022, and Future Money Group has long been concerned and involved.

According to reports, Daylight is a decentralized physical infrastructure network (DePIN) project focusing on energy distribution. Daylight was founded in 2022 by Badeaux, Udit Patel and Evan Caron, all of whom have backgrounds in the energy industry. Daylight is building a decentralized protocol that allows users to connect their energy devices (such as thermostats, batteries, electric vehicles, and solar inverters) to its application and receive rewards. Users can also join the Daylight market to obtain energy upgrades for their homes or buildings, such as solar panels, electric vehicle chargers, heat pumps, and water heaters.