DePIN company Uplink announced the completion of a $10 million financing led by Framework Ventures. It is reported that Uplink aims to reduce dependence on traditional centralized telecommunications providers and incentivize users and businesses to participate in and use the network by rewarding tokens.
Framework Ventures said: "Uplink will prioritize partnerships with large enterprises for initial distribution. At this early stage of DePIN, we believe the best initial adoption may come from enterprise groups that can actively help drive fleet deployment." (CoinDesk) #DYOR42711