DePIN Platform Uplink Raises $10M Led by Framework Ventures
Uplink, a company aiming to democratize internet access, has announced a $10 million funding round led by Framework Ventures.
Uplink operates in the Decentralized Physical Infrastructure Network (DePIN) sector — a space that data provider Messari estimates could reach a market value of $3.5 trillion by 2028. DePIN projects merge blockchain technology with physical infrastructure and often use token incentives to crowdsource network deployment and maintenance.
The company provides decentralized network connectivity with the goal of building more distributed and user-operated infrastructure, reducing dependence on traditional centralized telecom providers. Both individuals and businesses can earn token rewards by contributing to the network or using it. Participants can either integrate their existing infrastructure into the Uplink ecosystem or install compatible hardware for their communities or enterprises. Uplink plans to launch its native token later this year.
“By creating financial incentives that encourage people to expand DePIN-powered internet access, more users will be able to connect wherever Uplink has coverage — and help identify areas where connectivity is still lacking,” the company said in a press release.
While most DePIN projects — such as Helium, which boasts a nearly $1 billion market cap — have focused on retail-driven network and hardware distribution, Uplink is taking a different route. Framework Ventures noted, “Uplink is prioritizing large enterprise partnerships for initial distribution. At this early stage of DePIN, we believe adoption will be best driven by conglomerates that can rapidly deploy infrastructure at scale.”
Founded in 2016, Uplink has collaborated with major industry players like Ericsson, Deutsche Telekom, and E.ON.
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