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March 19, 2022

Helium Raises $200,000,000 to Enable Decentralized Internet Routing

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Helium is a blockchain company building a decentralized network of internet routers. Users who connect a router to the Helium network can earn tokens as a reward for leasing their bandwidth. More efficient routers earn more tokens which invites competition amongst users to provide the best service. (Helium Website)

Helium could prove to be incredibly valuable to individuals in rural and other areas underserved by traditional internet service providers. VC and investors agree, as the company recently announced that it raised $200,000,000 to continue building its network of routers. Andreessen Horowitz, Tiger Global, and FTX Ventures are some of the most notable investors backing the project. (Axios)

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