Meson Network
Meson Network is a global decentralized bandwidth marketplace, where users can exchange and borrow bandwidth across the world.
Website: https://meson.network/
HQ: Singapore, Central Region, Singapore
Active Markets: Global
Problem Addressed
Levels of media streaming have grown exponentially alongside the popularity of online entertainment and short video platforms. This has created increased demand and cost for data transfer services that facilitate internet content delivery, or bandwidth. These services have traditionally been offered exclusively by major corporations. At the same time, globally a large amount of server bandwidth sits idle.
Project Description
Meson Network is a Web3 bandwidth marketplace, coordinating and incentivizing the exchange of surplus bandwidth capacity with blockchain tokens. Meson finds bandwidth to be a relatively easy to standardize market service with significant demand for accelerated services. Harnessing idle servers through blockchain decentralized coordination allows Meson to provide users increased bandwidth at reduced cost. Users — from individual device owners to global Telecoms providers — connect to Meson, providing bandwidth to the network while being rewarded in Meson’s native MSN governance token. Tokens are utilized to reward miners (or resource providers), as payment for services by users, and for protocol governance processes such as election voting and decisions on protocol changes.
Progress to date
Meson includes over 200 network edge locations, over 10Tbps network capacity, 90ms average latency, and 99.99% hit ratio. Meson launched their testnet in 2021, and has since released their residential bandwidth aggregator, block explorer, and other infrastructural components in 2023. Meson’s mainnet launch is slated for 2025.
Business Data
Status: Active; mainnet to launch in 2025
Constituency Served: Historically excluded groups, small business owners, youth, gernal public, creatives, internet companies
Networks: Ethereum
Known Investors: Digital Currency Group, OKX Ventures, Tide Group, Presto Labs, Folius Ventures, Digital Renaissance, Mask Network, Liang Xinjun, Shixing Mao, Zonff Partners, Hash Global, Libertus Capital, Youbi Capital, Hashkey Exchange, Sanctor Capital, Shima Capital, Formless Capital, Arweave, BitScale, Jack Herrick, 1 Capital, Rarestone Capital, Permanent Ventures, Meltem Demirors, CMT Digital Ventures, DHVC, Bixin Ventures, Incuba Alpha, SevenX Ventures, Zonff Partners
Business Model
Meson generates revenue for the protocol through network transaction fees.
Traction
Meson had over 350 thousand active users, with over 330,000 miners as of April 2024 distributed across 150 countries.