In accordance with Chainthink, on December 10, Pheasant Network announced it has raised $2 million in a seed round and ecosystem fund, led by Mint, with participation from 90s and multiple individual investors. Additional support was provided by the Ethereum Foundation, Optimism Foundation, Polygon Labs, and several Layer 2 ecosystems. The funding will accelerate the team's development of a more intelligent and intuitive cross-chain experience, integrating AI deeply into DeFi (DeFAI). Pheasant Network CEO Tomo stated that the project combines AI with Intent to enhance DeFi cross-chain interoperability and has received support from the Ethereum Foundation and leading L2 ecosystems.
Pheasant Network Completes $2M Seed Round Led by Mint
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Summary
Pheasant Network announced a $2 million seed round and ecosystem fund on December 10, led by Mint with support from 90s and individual investors. The Ethereum Foundation, Optimism Foundation, Polygon Labs, and multiple Layer 2 ecosystems also contributed. The network upgrade will focus on building a smarter cross-chain experience by integrating AI into DeFi. CEO Tomo said the project uses AI and Intent to improve DeFi interoperability. On-chain news shows growing interest in DeFAI innovation.
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