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Pheasant Network Completes $2M Seed Round with Ethereum Foundation and Others

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Pheasant Network, an AI-powered interoperability network, has closed a $2 million seed round led by the Ethereum Foundation, Optimism Foundation, and Polygon Labs. The project uses the ERC7683 intent standard and AI to streamline cross-chain transactions and expand the DeFAI ecosystem. It currently connects Ethereum and over 30 Layer 2 networks. The funding supports a major network upgrade to enhance scalability and user experience. This Ethereum news marks a key step in advancing cross-chain infrastructure.
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