Golden Finance reported that Hemi Labs raised $15 million in a financing round led by Binance Labs to launch a modular blockchain. Participants in this round of financing also include Crypto.com, Web3 Ventures, HyperChain Capital, Alchemy, SALT Fund, Kelly Investments, Sunflower Capital, DNA Fund, Gate Ventures, Quantstamp, TRGC, BTC INC, Artichoke Capital, Cypher Capital, SNZ Holding, C6E, IBG Capital, Protein Capital, MON Ventures, SV5, Impossible Finance, Jihan Wu, George Burke and Sonny Singh. The incentivized testnet is now online and the company plans to launch the mainnet in the fourth quarter.