Modular Layer-1 public chain U2U Network completes $13.80 million financing

On November 29th, the modular Layer-1 public chain U2U Network announced the completion of a total of 13.80 million US dollars in financing. This round of investors includes KuCoin Ventures, Chain Capital, IDG Blockchain, Cointelegraph, JDI Ventures and other well-known institutions. Among them, JDI Ventures also made an equity investment to support the research and development of U2U Network in hardware technology. The financing will be used to advance the development of U2U Network's subnet technology, which emphasizes unlimited scalability and DoD (on-demand decentralization). The project is scheduled to go live in the near future.