PANews reported on November 6 that MelosBoom has completed its Series B financing, led by LBank Labs, with participation from several well-known Web3 investment institutions, and the project valuation reached 80 million US dollars. This round of financing will accelerate the global expansion of the MelosBoom ecosystem, especially in international markets such as South Korea, and promote the application and popularization of DePIN technology.

The funds will be mainly used to accelerate the development and promotion of the DeIOE series of products, and further improve the global ecological deployment and hardware market development of the decentralized data life network. LBank Labs' support will help MelosBoom enhance its influence in the international market, especially its competitive advantages in smart hardware and DePIN ecology.