Solana Ecosystem's DePIN Project Shaga Secures $1 Million Angel Round Funding

According to Odaily, Shaga, a project under the Solana ecosystem known as DePIN, has successfully completed a $1 million angel round of funding. The funding round was led by Arca, with significant contributions from Skybridge20 Ventures, Quotient Ventures, and Marin Digital Ventures. In addition to these venture capital firms, several angel investors also participated in the funding round. Among them were Amir Haleem, the founder of Helium, and Pavel Bains, the co-founder and CEO of Bluzelle. The successful completion of this funding round marks a significant milestone for Shaga and the broader Solana ecosystem. The funds raised will be used to further develop the DePIN project and expand its reach within the Solana ecosystem. This investment demonstrates the confidence of the venture capital firms and angel investors in the potential of the DePIN project and the Solana ecosystem as a whole.