Invest in FreedomPie, a blockchain helium token hardware developer… Qualcomm and Blue Yard Capital also participated. Samsung Next, a subsidiary of Samsung Electronics specializing in investment, made an investment in Freedom Pie, a blockchain helium token hardware developer.
According to foreign media such as Pierce Wireless on the 15th, Freedom Pie raised $9.5 million in a Series A round investment to build a helium token-based 5G network. It is known that Samsung Next, Qualcomm, and Blue Yard Capital participated in the investment.
FreedomPie builds a 5G network with Helium with the investment. Helium is planning a network project that provides helium tokens as a reward when purchasing or developing hotspots to provide coverage within a certain radius. FreedomPie is participating as a partner supporting firmware and 5G small cells.
After attracting investment, FreedomPie is expected to focus more on building firmware and 5G small cell hardware.
When a helium token-based 5G network is established, blockchain participants will be able to acquire helium tokens through smartphones, laptops, and tablet devices.
Freedom Pie is also pushing to popularize the technology by lowering the total cost of small cell packages from $2,500 currently to $500.
“Our goal is to simplify the process and make the Helium network available for $500,” FreedomPie CEO Boris Lensky said.