Piggycell, a blockchain decentralized physical infrastructure network (DePIN) startup, today announced that it has successfully closed its seed investment round for US$10 million. Piggycell will mainly use the funds raised from the investment round to further expand its Electric Power Charging infrastructure and ecosystem.
Piggycell is revolutionizing the ownership and management of charging infrastructures through DePINs and real-world assets (RWAs). By integrating blockchain technology with physical assets, Piggycell seeks to empower users through decentralized ownership, transparent profit-sharing models, and enhanced community engagement.
Since its establishment in 2020, Piggycell has made significant strides in developing its infrastructure. It currently has over 13,000 charging-hubs with over 100,000 batteries across all cities in South Korea. Piggycell is currently recognized as the market leader of the portable battery rental industry in South Korea, with nearly 4 million users and over 90% of the market share in the country.
One of the notable investors in the round is Animoca Brands, a Web3 leader that leverages blockchain to deliver digital property rights to consumers around the world to help to establish the open metaverse. Animoca Brands is one of the most active investors in Web3, with a portfolio of over 540 investments.
Another key investor in this round is Internet Computer (ICP), a third-generation blockchain developed by the DFINITY Foundation that enables full end-to-end decentralization without the use of cloud computing. With its advanced cryptographic innovations, ICP supports fully on-chain applications, including complex web services.
The investment from Animoca Brands, ICP, and other investors further endorses Piggycell as a leading DePIN platform that bridges traditional Web2 services with the Web3 ecosystem.
Having received backing from leading Web3 investors, Piggycell is now working to accelerate its decentralized infrastructure network with next-gen blockchain capabilities.
Piggycell plans to launch its DePIN platform in the first half of 2025. Follow Piggycell on X and subscribe to its Telegram channel to stay updated.
About Piggycell
Piggycell is a pioneering RWA and DeFIN project that merges blockchain with real-world utility, offering a seamless Charge-to-Earn experience. Our powerbank-sharing infrastructure rewards users for charging their devices, bridging digital incentives with real-world convenience.
By combining hub-based charging stations with blockchain technology, we enhance transparency and efficiency through a digital twin strategy. Beyond charging, Piggycell integrates a social app-tech gaming platform, fostering interaction, gamification, and community-driven growth.
- For more information visit https://www.piggycell.io/home.
- Contact: marketing@voltifylabs.com
Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.
