BlockBeats reported that on October 15, Pell Network, the first active verification service (AVS) network in the Bitcoin ecosystem built on the restaking protocol, announced the completion of a $3 million seed round of financing. This round of financing was jointly led by Halo Capital, Mirana Ventures and Paper Ventures, and participated by ArkStream Capital, Caliber Venture Builder, Cogitent Ventures and others.
Pell Network aims to build a full-chain decentralized verification service (DVS) network powered by Restaking.