U2U Network (U2U) is a Layer-1 blockchain platform designed for decentralized physical infrastructure networks (DePIN). It uses Directed Acyclic Graph (DAG) technology and is compatible with the Ethereum Virtual Machine (EVM). This setup allows for high-speed transactions and quick finality.
The network features a modular architecture with two main components:
1. U2U Chain: The core blockchain layer that ensures security and consensus.
2. U2U Subnet: Independent sub-networks tailored for specific applications, enhancing scalability and flexibility.
U2U Network aims to support DePIN applications by providing a robust and scalable infrastructure. This approach facilitates the integration of decentralized services into real-world use cases.
In November 2024, U2U Network successfully raised $13.8 million in funding. Investors included KuCoin Ventures, Chain Capital, and IDG Blockchain. This investment underscores confidence in U2U's innovative approach to decentralized infrastructure.
Additionally, U2U Network partnered with CoinList to develop the DePIN market. This collaboration aims to promote decentralized infrastructure solutions to a broader audience.
