Metablox Receives Investment from Samsung Next

Metablox, a Vancouver, BC, Canada-based decentralized physical infrastructure startup, received an investment from Samsung Next.

The amount of the deal was not disclosed.

The company intends to use the funds to further enhance its operational capabilities and broaden its market presence to expand its reach and accelerate the adoption of its DePIN solutions.

MetaBlox is advancing Roam, a protocol that empowers users to traverse public WiFi networks using their decentralized identifiers (DIDs) and corresponding verifiable credentials (VCs). By doing so, it establishes a unified global WiFi OpenRoaming network, interlinking distinct WiFi networks. This approach eliminates the cycle of repeated log-ins, reconnecting, password sharing, and redundant registrations that users currently contend with during local or international travels.

Metablox is a portfolio company of NFT Technologies Inc. (NEO: NFT | Frankfurt: 8LO | OTC: NFTFF).