According to Odaily Planet Daily, the Parasail protocol, which focuses on improving the security of DePIN hardware services, recently announced the completion of a $4 million seed round of financing, with a valuation of $50 million. The financing was led by Protocol Labs, and D11 Labs, MH Ventures, BitRise Capital, EV3, Fenbushi Capital, Modular Capital, Faculty Group, DWF Ventures, Foresight Ventures, AGE Crypto, Waterdrip Capital and others participated. The Parasail team said that the financing funds will be used to accelerate the implementation of various product functions in the Parasail Master Plan, that is, to pool assets and hardware on DePIN, provide users with service level guarantees, and dynamically coordinate hardware resources according to demand. Currently, Parasail TVL exceeds $50 million. Parasail is building a universal adapter for hardware service provision and verification to enable the flexible use and circulation of common hardware resources (such as graphics cards, storage, sensors, etc.) in different DePIN ecosystems. With the help of the Parasail protocol, DePIN projects can systematically and efficiently build their networks and mobilize hardware resources.