Scroll Ecosystem Project Pencils Protocol Completes $2.1 Million Seed Round Financing, with Participation from OKX Ventures and Others

According to Foresight News, Scroll ecosystem project Pencils Protocol has completed a $2.1 million seed round of financing with a valuation of $25 million. OKX Ventures, Animoca Brands, Galxe, Gate.io Labs, Aquarius, Presto, Agarwood, Scroll co-founder Sandy Peng, V Fund partner Ashely Xiong, Inception Capital co-founder David Gan, Cyberconnect founder Ryan Li and Arcanum Capital co-founder Lucia Zhang participated in the investment.

Foresight News previously reported that PenPad tweeted that it has changed its name to Pencils Protocol and will further expand its product functions and service scope. In the future, Pencils Protocol will continue to optimize its original Launchpad product and will launch two new major functions, "Staking and Liquidity Staking" and "Liquidity Treasury" in May.