Web 3 developer platform Fleek has raised $25 million in a Series A round led by crypto-focused venture capital firm Polychain Capital.
The funding will accelerate the development and launch of a decentralized content and application delivery network called Fleek Network, which will be launching in the spring or summer of 2023.
“Currently, there is a missing piece in the Web3 infrastructure stack: trustless content delivery and acceleration. This is the gap Fleek Network fills,” Fleek co-founder and CEO Harrison Hines told CoinDesk in an email.
Hines noted that while there are several decentralized storage and data protocols such as Filecoin and Arweave, those protocols share a common problem in that they can’t query the files, data or content from the networks stored on them.
From the consumer side, developers or projects needing a content delivery network can provide content to the Fleek Network. Fleek accelerates that content using a decentralized network of nodes. Consumers prepay for the bandwidth in the native FLK tokens, said Hines.
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