The platform combines traditional broadcasting technology with internet streaming to enhance user experience by reducing latency, rebuffering, and data consumption.

The funds will also be used to accelerate platform development, expand network presence, and initiate a pre-order campaign for home RELAY nodes.

Blockcast is inviting early adopters to join its decentralized network through home RELAY nodes, which connect to home routers and allow users to improve streaming while earning rewards.

Cisco's Annual Internet Report 2023 noted a 24% annual increase in global internet traffic, with live streaming now comprising 17% of all traffic.

This initiative is part of Blockcast's broader strategy to create a decentralized content delivery ecosystem and position itself within the DePIN movement.

The funding round attracted notable investors, including Protocol Labs, Finality Capital Partners, AllianceDAO, Zee Prime Capital, RW3 Ventures, and angel investor Anatoly Yakovenko.

By deploying scalable traffic servers closer to users, Blockcast aims to provide a sustainable and efficient method for managing global content demand.

Blockcast, a content delivery network built on the Solana blockchain, has successfully raised $2.85 million in seed funding, led by Lattice Fund.

Blockcast aims to meet the rising demand for high-bandwidth content, such as live sports and media releases, as well as address the increasing strain on internet infrastructure.

Integrating blockchain technology with traditional CDNs, Blockcast seeks to alleviate the strain on internet infrastructure and facilitate community-powered content delivery.

According to CEO Omar Ramadan, the capital will focus on enhancing global content delivery capacity and launching a public testnet for a decentralized multicast-enabled CDN.

Mike Zajko of Lattice Fund praised Blockcast's innovative use of community-operated nodes, which are crucial for reshaping data distribution and addressing content delivery challenges.