Modular L1 network U2U Network will launch DePIN product UPhone

Modular L1 network U2U Network has officially entered the hardware market and will launch its first product UPhone. This move marks the start of U2U Network's strategic layout to deeply integrate blockchain with physical infrastructure through DePIN hardware. The launch of UPhone aims to solve long-standing core problems in the blockchain field, including scalability and user-friendliness. In addition, the innovation is supported by JDI Ventures, a DePIN investment fund under blockchain hardware company JDI Global. Earlier news, U2U Network completed US$13.8 million in financing, with participation from KuCoin Ventures, Chain Capital, IDG Blockchain, Cointelegraph, V3V, JDI Ventures, Tesseract, IBG, Blockhive, Maxx Capital, UB Ventures and others. The funds raised will support the continued development of U2U Network Subnet technology. (Cointelegraph)