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Cryptocurrency News Articles

Mawari Raises $10M to Expand Its DePIN Network for Decentralized Spatial Computing

Nov 01, 2024 at 11:02 am

Mawari's infrastructure is optimized for the demanding needs of immersive experiences, positioning Mawari as a key actor in the emerging multibillion-dollar spatial computing market.

Mawari Raises $10M to Expand Its DePIN Network for Decentralized Spatial Computing

Immersive content technology company Mawari has announced plans to sell licenses to operate nodes on its decentralized spatial computing network, the Mawari Network.

The node sale, scheduled for Q4 2024, will help scale the network, optimize its global performance, and ensure its resilience as it powers demanding immersive experiences.

The Mawari Network utilizes specialized GPUs across the globe for advanced computation and streaming tasks, and a set of Guardian Nodes are required to verify this work and the performance of the network overall as it serves multiple simultaneous immersive experiences.

These Guardian Nodes assess critical performance indicators like latency, bandwidth, and content quality to maintain the high standards necessary for immersive, real-time experiences.

By monitoring the network, the community-run Guardian Nodes will make it more performant and more resilient, ensuring it can scale securely as it grows.

“This node sale allows node operators to help bring 3D content to the world, and be rewarded for their efforts,” said Luis Oscar Ramirez, Founder & CEO of Mawari.

“The current cloud services didn’t allow us to scale our proprietary spatial streaming technology, so we researched ways to scale immersive content and found DePIN was clearly the best option. Now, we can allow our global community of node operators to participate in building out our critical node network alongside our community of developers and content creators.”

Mawari has worked with industry leaders, including Deutsche Telekom, KDDI, Telefonica, Magic Leap, Netflix, Qualcomm, T-Mobile, and dozens of other clients.

The Solana Foundation recently selected Mawari for a grant, endorsing its roadmap for decentralized spatial computing.

Backed by investors including Anfield LTD, Borderless Capital, 1k(x), and Samsung Next, and with veteran DePIN and web3 operator, Sean Carey, a co-founder of Helium, also joining its board, Mawari is the clear category leader.

Details of the node license sale will be announced soon. To learn more about operating a node on the Mawari Network, visit the DePIN Network page here.

About Mawari

Mawari is setting the standard for decentralized spatial computing and immersive content delivery.

The Mawari Network powers real-time streaming of immersive content through a global network of compute nodes. Mawari is optimizing XR for awe, creating unforgettable experiences and revolutionizing how creators engage audiences at scale.

The Mawari Network built the foundational technologies to power the next generation of interactive media, fully realizing the possibilities of virtual worlds existing seamlessly alongside our physical reality.

Its core technology, the Mawari Engine and Spatial Streaming SDK, runs on the Mawari Network — the world’s first and only DePIN (Decentralized Physical Infrastructure Network) that orchestrates storage, bandwidth, and rendering in real-time for spatial computing.

Bypassing the rendering limitations of existing mobile devices and content delivery networks, Mawari’s global network of compute nodes has already powered activations from digital fashion shows to concert visualizations.

The Mawari Network’s peer-to-peer architecture was purpose-built to scale spatial media streaming requirements with a community-centered ethos.

Website: https://mawari.net/

X (Twitter): https://x.com/mawariXR

Discord: https://discord.gg/mawari

Contact:

Will Haskins

[email protected]

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