VanEck is putting $2.5 million into DAWN, a DePIN project aiming to create a decentralized internet service provider. The investment comes from VanEck’s Digital Assets Alpha fund and VanEck Ventures.

The strategic funding round marks the first time that “multiple funds at VanEck have made a direct investment into the same company,” the firm exclusively told Blockworks. The newest raise comes after Andrena, the company behind DAWN, raised $18 million in a round back in August.*

Andrena CEO Neil Chatterjee told Blockworks that DAWN was designed to capitalize on the “transformation of our lives” as society goes from being wired into the internet to being completely wireless…

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