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DePIN Platform Uplink Raises $10M Led by Framework Ventures

Uplink, a company attempting to democratize internet access, announced a $10 million funding round led by Framework Ventures. The firm is a Decentralized Physical Infrastructure Network (DePIN), a sector that data provider Messari estimates could have a market value of $3.5 trillion by 2028. DePIN projects connect blockchain technology with physical systems and often offer tokens to incentivize people to crowdsource the infrastructure. Uplink provides decentralized network connectivity with the aim of creating better distributed and user-operated infrastructure. Users and enterprises will be able to earn tokens as a reward by either contributing to the network or using it.

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