January 27, 2025
Pell Network has raised $3.5 million in a strategic funding round to further develop its omnichain BTC restaking platform, with plans to integrate AI into decentralized finance (DeFi). The investment comes from a diverse group of investors, including D11-Labs, Web3Port, ArkStream Capital, Taisu Ventures, Core Ventures, GoPlus, Astrarizon Ventures, and MultiversX. The funds will support Pell Network’s goal of enhancing its infrastructure to enable AI-driven financial strategies across multiple blockchains.
The company initially launched as a BTC restaking platform but has since expanded to include AI-powered decentralized finance (DeFAI) solutions. Pell Network aims to provide a unified security layer for AI agents to execute complex financial strategies seamlessly across blockchains. This advancement addresses challenges in DeFi, such as cross-chain operations, data acquisition, and multi-chain security, with the goal of making decentralized finance more efficient and accessible. Pell Network's omnichain infrastructure allows for easier cross-chain transactions, enabling AI agents to perform financial tasks across multiple networks with greater ease and security.
This funding round will drive Pell Network’s continued growth, allowing it to integrate new blockchain ecosystems and develop additional technological features to support its expanding platform. As Pell Network prepares for its Token Generation Event (TGE), the company is focused on building a robust environment for both AI agents and DeFi users, with plans for future upgrades to its restaking network. The support from its investors positions Pell Network to play a role in the evolution of AI-driven decentralized finance.
About Pell Network
Pell Network is a blockchain platform focused on omnichain BTC restaking and AI-driven decentralized finance. It uses advanced restaking, cross-chain technology, and standardized data services to enable AI agents to execute complex financial strategies, aiming to make decentralized finance more accessible, secure, and efficient.
Website: https://pell.network/
About Investors
D11-Labs
D11-Labs is a venture capital firm that focuses on innovative projects within the blockchain ecosystem. The firm is committed to supporting technology that drives the next generation of decentralized applications.
Location: Hong Kong
Website: https://www.d11-labs.com/
Taisu Ventures
Taisu Ventures is an investment firm specializing in blockchain technologies, particularly in the DeFi space. The firm focuses on supporting projects that improve the scalability and security of decentralized finance systems.
Location:Grand Cayman, Midland, Cayman Islands
Website: https://www.taisu.io/
ArkStream Capital
ArkStream Capital is a blockchain-focused investment firm that backs companies working on advanced technologies across the decentralized ecosystem. The firm supports projects aimed at fostering blockchain adoption and improving financial systems.
Location: Singapore, Singapore
Website: https://www.arkstream.capital/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
Commenti