Pheasant Network Completes $2M Seed Round Led by Mint

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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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