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Solana Edge Computing Open Layer Gradient Network completes new round of financing, with participation from Pantera Capital

Gradient Network, the open layer of Solana Edge Computing, announced the completion of a new round of financing. Pantera Capital, Multicoin Capital, Sequoia Capital and others participated. The specific financing amount and valuation data have not been disclosed yet. The new funds will be used to promote the development of its decentralized protocol and the conversion of computing power and staking solutions in the blockchain network. Currently, Gradient Network realizes liquidity staking and seamless connection between Ethereum, Solana and TAO networks. Its platform can use edge computing to support decentralized cloud, providing accessible and affordable AI-driven solutions for content delivery, allowing serverless functions and AI inference.