PANews reported on May 21 that Blockless, a DePIN project focused on providing computing power support, announced that it had raised $8 million in two rounds of early financing. Blockless said that NGC Ventures led the $3 million pre-seed round of financing, and M31 Capital and Frachtis co-led the $5 million seed round of financing. Other investors in these two rounds of financing include No Limit Holdings, MH Ventures, Interop Ventures and Plassa Capital. Blockless co-founder Butian Li said that it plans to launch a testnet in the next few weeks and launch the mainnet and native BLESS tokens in the third quarter.