According to news on May 23, Scroll ecological project Pencils Protocol announced the completion of a seed round of financing of US$2.1 million, with its current valuation reaching US$25 million. It is reported that this round of financing was led by well-known institutions such as OKX Ventures, Animoca Brands, Galxe, Gate.io Labs, Aquarius, Presto and Agarwood, and also included Scroll co-founder Sandy Peng, V Fund partner Ashely Xiong, Inception Capital Several individual investors, including co-founder David Gan, Cyberconnect founder Ryan Li, and Arcanum Capital co-founder Lucia Zhang, participated in this round of financing.