BitTorrent (btt) 
Solana-based content delivery network Blockcast has successfully raised over $2.8 million in seed funding, spearheaded by Lattice Fund, to advance its decentralized infrastructure for high-bandwidth content streaming.
Significant Seed Funding Achievement
Blockcast secured $2.85 million in its seed funding round with contributions from notable investors such as Lattice Fund, Protocol Labs, Finality Capital Partners, AllianceDAO, Zee Prime Capital, RW3 Ventures, and angel investors, including Anatoly Yakovenko, the founder of Solana.
Innovative Content Delivery Network
Blockcast is a decentralized content delivery network built on Solana, designed to mitigate the growing strain on internet infrastructure. The platform integrates traditional broadcasting technology with blockchain to address the increasing demand for high-bandwidth content like live streams, software updates, and media releases.
Addressing Internet Traffic Surge
With internet traffic soaring by 24% annually and live streaming now making up 17% of all global traffic, Blockcast aims to provide a more efficient solution for content delivery.
Community-Operated Nodes for Efficient Distribution
Utilizing community-operated nodes, Blockcast enables faster and more cost-effective content distribution. This method reduces data consumption, minimizes rebuffering and latency, and alleviates congestion for internet service providers.
The goal is to streamline the process of deploying scalable traffic servers closer to users, offering a more sustainable and decentralized way to manage global content demand.
Support from Industry Leaders
Mike Zajko, Partner at Lattice Fund, emphasized that the internet’s infrastructure is struggling to meet the rising demand for high-quality content. He highlighted Blockcast’s use of “community-operated nodes” as a practical solution to reshape “how data is distributed and consumed.”
Future Plans and Development
Blockcast intends to use the capital to accelerate the development of its platform, expand its presence in the networked infrastructure ecosystem, and launch its pre-order campaign for home RELAY nodes. These compact servers are designed to improve streaming quality while allowing users to participate in content delivery and earn rewards.
Blockcast CEO Omar Ramadan mentioned that the funding will also support “building out global content delivery capacity” and launching “a public testnet for the world’s first decentralized multicast-enabled CDN,” aligning with Blockcast’s mission to revolutionize content distribution.
Continued Interest in Blockchain and Fintech
Despite a general decline in venture capital interest in the blockchain and fintech sectors since April 2024, new entrants continue to emerge. Recently, global investment firm VanEck announced the launch of VanEck Ventures, a $30 million fund focused on fintech, digital assets, and AI.
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