1. Blockchain solar company Glow completes $30 million financing; 2. Bitcoin project Citrea raises $14 million Series A financing; 3.AI startup Crusoe Energy is raising $500 million at a $3 billion valuation. 4. Web3 Game Infrastructure Alliance Games completed the $5 million Series A financing; 5. Verifiable Autonomous Agent Network Axal announced the completion of a $2.50 million pre-seed financing.
Blockchain solar company Glow has completed a $30 million round of financing. This round was led by Framework Ventures and Union Square Ventures. Other details were not disclosed. According to reports, Glow operates a decentralized physical infrastructure network (DePIN) composed of solar farms in the United States and India. To encourage the farms on its network to use clean energy, the founders designed an economic model based on subsidies and token incentives.
Blockchain solar company Glow closed a $30 million funding round led by Framework and Union Square Ventures. Glow CEO and co-founder said Vorick plans to use the funding to scale the company from 5 trillion watts of electricity to 600 trillion watts and into new countries over the next 18 months. To encourage farms on Glow, which operates a DePIN network of solar farms in the US and India, to move beyond the "dirty" energy grid, the founders designed a whole economy based on a subsidy and token ...