Uplink, a decentralized physical infrastructure network (DePIN) solutions provider, has raised USD 10 million in a funding round led by Framework Ventures.

The company plans to launch its native token later this year.

Uplink offers a blockchain-based platform that leverages a new and existing wireless infrastructure network to enable individual users and enterprises to access internet and networking services. Users can integrate their existing infrastructure into the Uplink network or install compatible hardware for their business, and earn the platform’s native tokens as a reward for using the network and making contributions. 

Analyst QuickTake: The DePIN space has seen a recent influx in fresh funding with startups like IoTeX and Peaq , raising USD 50 million and USD 15 million , respectively, within the last three weeks. While Uplink broadly operates within the same category, it aims to differentiate itself via its network of ecosystem partners which include large telecom companies such as Ericsson, Deutsche Telekom, and E.ON.