- 10 October 2024 – The first seed round investment in PinGo Lab, a quickly becoming leader in decentralized infrastructure, has been successfully completed.
- Prominent venture capital firms, such as CGV FOF, K24 Fund, Catcher VC, and Landscape Capital, contributed to the fundraising.
- This substantial financial support is a testament to the venture community’s faith in PinGo’s creative strategy and ability to completely change the TON environment.
With its latest innovations, PinGo Lab has been gaining traction. In particular, the incorporation of the small app into its ecosystem has drawn over 200k users. PinGo demonstrates its leadership in fusing cutting-edge Web3+ technology with blockchain-powered DePin solutions with the much-awaited DePin Gala event.
PinGo, which started out as a Cpin Web2 startup, has established a solid base with almost 100,000 devices that it plans to eventually include into its own DePin Network. These gadgets are the foundation of PinGo’s distinct decentralized architecture and will propel the company’s upcoming growth phase.
The goal of PinGo’s product line is to take advantage of this network expansion. The “Pinger” CDN service, the Punny bot, and a data analysis bot that is being developed to assist in filtering and categorizing large volumes of Telegram traffic are some of its main products. By serving Web2 and Web3 clients, these tools guarantee that PinGo’s platform is scalable and practical.
PinGo has developed a strong revenue model that puts it in a position to be sustainable over the long run. With each machine producing about $0.7 per day, PinGo supplies CDN services to large manufacturers in its current Web2 business. This corresponds to a consistent $2 million in monthly revenue. Furthermore, the TON blockchain-based modular network will impose gas taxes for different user actions, and service fees in PINGO for tasks initiated by its Punny bot.
PinGo has expanded into NFTs and AI-generated content (AIGC) to further broaden its products. Those that possess these NFTs can access free Pinger processing power, which adds even more motivation for community development.
With over 30,000 Daily Active Users (DAU) and over 160,000 Monthly Active Users (MAU), the PinGo network exhibits exceptional engagement. Its community is still expanding, with over 85,000 members, and there are currently an astounding 200,000 Punny bot owners. PinGo’s robust user base highlights the platform’s quick uptake and dominant market position in the Web2 and Web3 domains.
Five venture capital firms helped PinGo complete a successful seed round, but this is just the start of the company’s growth plan. The money will go toward expanding the PinGo ecosystem, which will include introducing its own DePin network. PinGo is dedicated to spearheading the subsequent wave of decentralized innovation by merging state-of-the-art technology with practical applications.
PinGo’s next DePin Gala event will provide a stage for the company to unveil new ventures, collaborations, and achievements as it develops and grows. PinGo has a defined goal and strong support from influential investors, and it will soon establish itself as a major player in the decentralized technology market.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
