Plume Network Secures $10 Million in Seed Funding Round

Odaily reports that Plume Network, a modular Layer 2 network compatible with the Ethereum Virtual Machine (EVM), has completed a $10 million seed funding round. The round was led by Haun Ventures and included contributions from Galaxy Ventures, Superscrypt, A Capital, SV Angel, Portal Ventures, and Reciprocal Ventures. Angel investors Anthony Ramirez of Wormhole Labs and Calvin Liu of Eigenlayer also participated.

Plume Network is concentrating on the Real World Assets (RWA) sector, leveraging its modular design and EVM compatibility to offer innovative blockchain solutions. The newly secured funds are expected to enhance the network's development and expand its presence in the RWA market.

The involvement of prominent investors highlights Plume Network's potential in the blockchain industry. By focusing on the tokenization of real-world assets, the network aims to transform asset management and trading. This successful funding round marks a crucial milestone in Plume Network's efforts to drive innovation in blockchain and RWAs.