Mawari Network, a Solana decentralized physical infrastructure network (DePIN) project focusing on spatial computing, has completed a strategic financing of US$10.8 million. This round of financing was jointly led by Anfield Ltd, Borderless Capital and 1kx, and Accord Ventures, Animoca Brands Japan, Blockchange Ventures, Draper Dragon, Samsung Next and others participated. Following the financing of US$6.5 million in February 2023, this round of strategic financing brings Mawari's total financing to US$17.3 million.
Mawari plans to go live on the Solana mainnet in the first quarter of 2025, and will conduct node license sales in the fourth quarter of this year to expand infrastructure.