The DePin project Daylight has raised $9 million in Series A funding, led by A16z Crypto.

ChainCatcher news, according to The Block, the DePin project Daylight has completed a $9 million Series A funding round led by A16z Crypto. The project is dedicated to building a decentralized energy protocol on the Base blockchain. Co-founder and CEO Jason Badeaux stated that this round of financing brings Daylight's total funding to $13 million.

Daylight allows users to connect energy devices and earn rewards through its app. The market currently covers New York, New Jersey, and Pennsylvania, with plans to expand to Texas and California in the future.