{"id":96703,"date":"2024-10-16T18:24:07","date_gmt":"2024-10-16T22:24:07","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=96703"},"modified":"2024-10-16T18:25:23","modified_gmt":"2024-10-16T22:25:23","slug":"blockcast-raises-2-85-to-scale-content-delivery","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/blockcast-raises-2-85-to-scale-content-delivery\/","title":{"rendered":"Blockcast Raises $2.85M to Scale Content Delivery\u00a0"},"content":{"rendered":"\n

Lattice Fund led the $2.8 million seed round for Blockcast to extend its decentralized infrastructure<\/a> for high-bandwidth content. \u00a0<\/p>\n\n\n\n

\"Blockcast
Blockcast Raises $2.85M to Scale Content Delivery\u00a0<\/figcaption><\/figure>\n\n\n\n

A press release states that Blockcast raised $2.85 million in its seed funding round, with participation from angel investors and well-known investors like Solana founder Anatoly Yakovenko<\/a>, as well as Lattice Fund, Protocol Labs, Finality Capital Partners, AllianceDAO, Zee Prime Capital, and RW3 Ventures. <\/p>\n\n\n\n

Developed on Solana, Blockcast is a decentralized content distribution network designed to alleviate the increasing burden on internet infrastructure. <\/p>\n\n\n\n

The platform manages the growing demand for high-bandwidth material, including media releases, software upgrades, and live streaming, by fusing blockchain technology with traditional broadcasting methods. <\/p>\n\n\n\n

With live streaming now making up 17% of all traffic worldwide and internet traffic growing at a rate of 24% per year, Blockcast seeks to provide a more effective method of delivering content. <\/p>\n\n\n\n

Blockcast uses community-operated nodes to provide more rapid and economical multimedia distribution. <\/p>\n\n\n\n

According to the release, this strategy lessens latency and rebuffering, minimizes data consumption<\/a>, and relieves congestion for ISPs. <\/p>\n\n\n\n

In order to provide a more decentralized and sustainable approach to managing global content demand, establishing scalable traffic servers closer to users is intended to be streamlined. <\/p>\n\n\n\n

The internet infrastructure is finding it difficult to keep up with the growing demand for high-quality information, according to Lattice Fund Partner Mike Zajko. <\/p>\n\n\n\n

He emphasized that Blockcast's utilization of “community-operated nodes” offers a workable way to change “the way data is distributed and consumed.”\u00a0<\/p>\n\n\n\n

Blockcast intends to use the funds to start its pre-order campaign for home RELAY nodes, which are small servers made to enhance streaming quality \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>while enabling users to take part in content delivery and receive rewards, as well as to accelerate the development of its platform. <\/p>\n\n\n\n

According to Blockcast CEO Omar Ramadan, the funds will also be used to develop “a public testnet for the world's first decentralized multicast-enabled CDN” and “build out global content delivery capacity,” both of which are in line with Blockcast's objective to transform content distribution. <\/p>\n\n\n\n

The fundraising round coincides with a decline in venture capital interest in the blockchain and fintech sectors in the last four months since April 2024. <\/p>\n\n\n\n

The worldwide investment firm VanEck<\/a> recently announced the formation of VanEck Ventures, a $30 million fund focused on fintech, digital assets, and AI. Despite the declining interest, new players are still entering the market.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Lattice Fund led the $2.8 million seed round for Blockcast to extend its decentralized infrastructure for high-bandwidth content. \u00a0 A press release states that Blockcast raised $2.85 million in its seed funding round, with participation from angel investors and well-known investors like Solana founder Anatoly Yakovenko, as well as Lattice Fund, Protocol Labs, Finality Capital […]<\/p>\n","protected":false},"author":43,"featured_media":96704,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[22384,22385,22386],"class_list":["post-96703","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-blockcast","tag-content-delivery-network","tag-lattice-fund"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/10\/croc_1729109269241.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/96703","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=96703"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/96703\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/96704"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=96703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=96703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=96703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}