Layer1 blockchain developer Pharos completes $8 million seed funding round, led by Lightspeed Faction and Hack VC

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ChainCatcher reports that, according to The Block, Layer 1 blockchain developer Pharos has completed an $8 million seed round funding, led by Lightspeed Faction and Hack VC, with SNZ Capital participating as a strategic investor. Other investors include Dispersion Capital, Hash Global, Generative Ventures, MH Ventures, Zion, and Chorus One.

According to RootData, Pharos is an ultra-fast, EVM-compatible internet-level blockchain that enhances payments and applications through trustless and decentralized mechanisms.

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