Daylight Secures $75 Million to Enhance Blockchain Energy Solutions
- Daylight has raised a total of $75 million for its blockchain-based power network.
- The funding includes $15 million in equity led by Framework Ventures and $60 million in project financing from Turtle Hill Capital.
- Investors also include notable firms such as a16z crypto, M13, EV3 Ventures, and Lerer Hippeau.
- The Daylight Network aims to create a decentralized electric grid to enhance affordability and reliability of energy supply.
- Central to this initiative is “DayFi,” a DeFi protocol allowing investors to treat electricity as an asset class.
This funding will accelerate the development of the Daylight Network, which focuses on connecting capital directly to power generation for improved energy solutions. The company envisions scaling energy infrastructure through community involvement, enabling users to profit from a decentralized power grid.
With $75 million raised, Daylight is positioned to transform electricity into a new digital commodity through its innovative DeFi protocol, “DayFi.” (Source)
