One of the most talked about areas of the cryptocurrency world recently has been the decentralised physical infrastructure, the DePin category. While many projects have emerged, especially those operating to ensure the exit of the internet from central control, the last of these was Andrena.

The Solana-based decentralised internet project raised $18 million in an funding round led by Dragonfly. Giants of the crypto world participated in the funding round. Among the companies; There were also billion-dollar crypto investment firms such as CMT Digital, Castle Island Ventures, Wintermute Ventures, 6th Man Ventures and ParaFi.

The target was $5 million in this round

In the Series A funding round, investing companies were also given a commitment of shares and tokens for the future. Neil Chatterjee, one of the founders of the company, commented, ‘We received much more demand than we expected in this round. Our target was actually $5 million. With this investment, the amount we raised was $38 million, ‘he said.

Andrena, which plans to provide decentralised internet services, will work with a system called decentralised autonomous wireless network (DAWN).

Stating that they have been preparing this system since the autumn of last year, Chatterjee said, ‘We want to create for the internet what solar panels do for electricity. People will create their own usage areas and will be able to sell the remaining parts to the system.’

Andrena, a company founded in 2016, has been providing internet services in 10 US states since 2019.

The token issuance day has not yet been decided.