SVM Layer1 Blockchain Fogo has completed a $8 million funding round, with The Economist taking the lead.

ZkProver · 2026-02-01T00:48:37+00:00

Fogo blockchain project completed $8 million in funding based on SVM, with The Echonomist leading the investment, and other investors including 4 CMS Holdings, Big Brain Collective, and Patrons. Previously, the project also completed a $5.5 million seed round of funding.

ZkProver

2026-02-01 00:48:37

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ChainCatcher News reports that SVM Layer1 blockchain project Fogo has completed $8 million in funding, with The Echonomist leading the investment, and contributions from 4 CMS Holdings, Big Brain Collective, and Patrons.

It is reported that the Fogo chain is a new type of Layer 1 blockchain based on the Solana Virtual Machine (SVM). Last month, it completed a $5.5 million seed round, led by Distributed Global with a $5 million investment.

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