JDI Ventures makes strategic investment of $10 million in MXC Foundation

2024-03-27 00:29:04BlockBeatsShare to:

BlockBeats news, on March 27, Decrypt reported that JDI Ventures, the DePIN investment fund of blockchain hardware manufacturer JDI Global, announced a strategic investment of US$10 million in MXC Foundation. This significant investment is designed to drive the development of Ethereum’s most scalable decentralized physical infrastructure network (DePIN), solidifying MXC’s position in the decentralized technology space. JDI’s investment in MXC includes a focus on DePIN tokens, with plans to list these tokens on MXC’s AXS (native dApp), thereby expanding the network’s reach and solidifying its position as the largest DePIN network in the Internet of Things (IoT) space. JDI’s latest investment in DePIN also includes DIMO, further diversifying its portfolio and strengthening its support for decentralized technologies.

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