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The inception of decentralized wireless networks

April 26, 2022, 12:00PM EDT • 11 min read Quick Take Helium, which has been around since 2013, has sought to improve connectivity across electronic devices by means of a peer-to-peer (P2P) network After the introduction of their token, HNT, in 2019, Helium started seeing meaningful traction in their business model Since then, Helium has grown in adoption and boasts one of the largest decentralized networks in the blockchain space As a result, a handful of related projects have started …

Decentralized wireless network Helium raises $200 million: report

Helium has raised a $200 million Series D at a $1.2 billion valuation, according to Axios. Tiger Global and FTX Ventures have reportedly joined existing backers such as Khosla Ventures and Multicoin Capital. Previously, the company held a $111 million token sale led by Andreessen Horowitz (a16z).  Helium is building a crypto-powered decentralized wireless network that provides bandwidth and collects data from internet of things devices. Owners of network hotspots receive Helium tokens, with the amount increasing the more the …