Fuse Network Secures $12 Million in Seed Funding for Web3 Payments Infrastructure
CryptoNewsTerminal Staff12 Sep, 2024
Fuse Network Secures $12 Million in Seed Funding for Web3 Payments Infrastructure
Fuse Network, a leading Web3 payments infrastructure provider, has successfully raised $12 million in a seed funding round. The investment was led by Multicoin Capital, a prominent crypto venture capital firm, and will primarily be utilized to advance Project Zero, a decentralized physical infrastructure network (DePIN) dedicated to renewable energy. This substantial investment serves as a significant milestone for Fuse Network, as it enables the company to accelerate the development and expansion of its Web3 payments platform, designed to streamline and enhance the efficiency of financial transactions within the decentralized ecosystem. By leveraging the power of DePIN, Project Zero aims to establish a network of physical infrastructure that seamlessly integrates with Fuse Network's Web3 payment solutions, paving the way for innovative applications and use cases within the renewable energy sector.
