Pell Network announces completion of $3 million Pre-Seed round of financing, led by Halo Capital and others

According to TechFlow, on October 15, the Bitcoin ecosystem AVS platform Pell Network announced the completion of a $3 million Pre-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 Contribution Capital.

It is reported that Pell Network aims to create a decentralized token economy security leasing platform for the Bitcoin ecosystem. By building a network that aggregates native BTC Stake and LSD re-staking services, stakeholders are allowed to choose to verify new software modules built on the Pell Network ecosystem. With the completion of financing, the Pell Network testnet has officially been launched.