According to BlockBeats, on October 31, The Block reported that the verifiable autonomous agent network Axal announced the completion of a $2.5 million Pre-Seed round of financing, led by CMT Digital, with participation from a16z Crypto Startup School, Escape Velocity, IDG Vietnam, Artichoke Capital, Trident Digital, Blockchain Builders Fund, Blockhunters Group, Echo and Mentat Group.
Planned to be deployed on the Movement mainchain at launch as part of the Movement Labs Move Collective accelerator program, Axal will support Movement DeFi applications such as Meridian and Echelon through verifiable proxies.