Multicoin led a $10 million raise for its crypto-incentivized internet infrastructure network pipeline

The startup building the Pipe Network, Permissionless Labs, is focusing on one of the unseen but ubiquitous pieces of the modern Internet. Many websites cannot afford to let their content lag as it travels long distances from the hosting server to the end user. So they rely on networks of relay servers that can be called by end users that they are geographically close to.