Pharos Raises 8 Million in Seed Round for Fintech-Focused Layer 1 Blockchain Development

On November 9, BlockBeats reported that Pharos, a Layer1 blockchain developer, raised $8 million in a seed round led by Lightspeed Faction, Hack VC, and SNZ Capital. Other investors include Disper

sion Capital, Hash Global, Generative Ventures, MH Ventures, Zion, and Chorus One. Pharos is developing a new Layer 1 blockchain focused on fintech applications such as real-time payments and RWA.

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