- Blockcast has raised $2.85 million in seed funding led by Lattice Fund, with support from major investors like Protocol Labs and Anatoly Yakovenko.
- Blockcast uses community-operated nodes to enhance streaming quality and reduce data congestion, lowering content delivery costs for providers.
- With the launch of its home RELAY nodes, Blockcast is inviting early adopters to join its decentralized network, enabling users to improve home streaming and earn rewards.
Blockcast has raised $2.85 million in a seed funding round led by Lattice Fund. The funding round saw notable participation from prominent backers such as Protocol Labs, Finality Capital Partners, AllianceDAO, Zee Prime Capital, RW3 Ventures, and key angel investors, including Anatoly Yakovenko, the founder of Solana.
Blockcast’s emergence comes at a critical time for the internet infrastructure sector. As global internet traffic surges—growing 24% annually, according to Cisco’s Annual Internet Report (2023)—and live streaming now making up 17% of all traffic, the need for innovative solutions is more urgent than ever.
Blockcast aims to tackle this head-on by launching a new generation of highly scalable content delivery networks (CDNs), designed to support the increasing demand for high-bandwidth content such as live sports, software updates, and media releases.
Leveraging the decentralized ecosystem of Solana, Blockcast’s platform blends traditional broadcasting methods with modern internet streaming, creating a more efficient model for data-heavy content delivery. This unique approach allows for higher-quality streams, including 4K live video, with fewer interruptions and lower latency—a crucial advantage in an era where consumer expectations for flawless online experiences are at an all-time high.
Mike Zajko, a partner at Lattice Fund, mentioned, “Blockcast’s innovative approach of using community-operated nodes offers an exciting and practical solution.”
“Blockcast will play a critical role in reshaping how data is distributed and consumed,” he stated.
Blockcast’s model addresses a long-standing issue in content delivery: misaligned incentives between CDNs, internet service providers (ISPs), and content creators. By enabling community-operated nodes—servers strategically placed closer to end users—the company is pioneering a decentralized way to handle the high traffic demands of modern internet use. This strategy promises to not only reduce costs for content providers but also improve overall service quality for consumers.
CEO Omar Ramadan, whose past experience includes building the open-source mobile network core Magma, emphasized the transformative potential of Blockcast’s model. He drew parallels between the rapid deployment of community-operated 5G networks and Blockcast’s potential to scale CDNs via decentralized incentives.
Blockcast gives communities the tools to build and operate the infrastructure they need to serve high-demand content locally..
In addition to expanding its platform, Blockcast is launching a pre-order campaign for its home RELAY nodes. These compact devices, which connect to a home router and wall socket, enable users to contribute to the content delivery process while earning rewards. The initiative marks the company’s first step toward building a decentralized content delivery ecosystem that empowers individuals and enhances streaming quality.
As Blockcast embarks on its journey to redefine how digital content is streamed and delivered, it is positioning itself at the forefront of the emerging decentralized physical infrastructure networks (DePIN) movement.
By integrating blockchain technology with traditional CDNs, Blockcast aims to alleviate the strain on internet infrastructure and unlock new possibilities for scalable, community-powered content delivery.
Read Also: Core Foundation Launches Funding and Mentorship Program for Developers