On November 29, the modular Layer-1 public chain U2U Network announced the completion of a total financing of US$13.8 million. Investors in this round include KuCoin Ventures, Chain Capital, IDG Blockchain, Cointelegraph, JDI Ventures and other well-known institutions. Among them, JDI Ventures also made equity investment to support U2U Network’s research and development in hardware technology. The financing will be used to advance the development of U2U Network’s subnet technology, which emphasizes unlimited scalability and DoD (Decentralization on Demand). The project plans to go online in the near future.