Pell Network Secures $3M Funding to Build Omnichain DVS Network ...Middle East

Pell Network, an Omnichain Decentralized Validation Services (DVS) network, has successfully raised $3 million in pre-seed funding, as announced on October 16, 2024.This round was co-led by Paper Ventures, Halo Capital, and Mirana Ventures. Incubator D11-Labs and key investor Delta Blockchain Fund, also participated in this round, along with a diverse group of investors including ArkStream Capital, Mantle EcoFund, Web3Port, Caliber Venture Builder, Cogitent Ventures, Contribution Capital, J17 Capital, Sats Ventures, Side Door Ventures, 071Labs, and individual angels.The funds will be used to develop Pell's innovative network, which aims to build an omnichain DVS network powered by restaking.

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