Solana project 375ai has received $10 million in funding, potentially driving growth in decentralized data networks and the value of the SOL cryptocurrency.

375ai Funding and Solana Growth

375ai has secured a total of $10 million in funding, with a recent $5 million round led by Delphi Ventures, Strobe Capital, and HackVC. This capital will be used to build decentralized data networks on the Solana blockchain and prepare for an October token generation event.

Development Priorities

The funds will primarily focus on expanding engineering and developer teams, scaling testnet features, and finalizing the token mechanics for the October launch. This includes infrastructure development, network expansion, and building developer tools to support decentralized data transmission.

Solana Ecosystem Impact

The funding signifies investor confidence in Solana's ecosystem, as indicated by Solana’s 41.51% price increase over the last 90 days. This investment is expected to foster greater developer activity and adoption, potentially attracting more applications that require reliable, low-latency data flows on the Solana network.