Scroll Ecosystem DeFi Project Pencils Protocol Completes $2.1 Million Seed Round Financing, Led by Animoca Brands

Bitget App

Trade smarter

View original

PANews2024/05/23 07:49

By:PANews

PANews reported on May 23 that, according to official sources, the Scroll ecosystem DeFi project Pencils Protocol announced the completion of a $2.1 million seed round of financing, bringing its current valuation to $25 million. The round was led by OKX Ventures, Animoca Brands, Galxe, Gate.io Labs, Aquarius, Presto, and Agarwood, with participation from individual investors including Scroll co-founder Sandy Peng, V Fund partner Ashely Xiong, Inception Capital co-founder David Gan, Cyberconnect founder Ryan Li, and Arcanum Capital co-founder Lucia Zhang.

Currently, Pencils Protocol has officially launched its Season 3 phase activities. Participants in the Staking Pool of this event can earn rewards, including Scroll Marks, Pencils Points, EigenLayer Points, StakeStone W1 Points, Kelp Miles, Puffer Points, and a series of other point rewards, as well as ecosystem alliance airdrop rewards.

According to the introduction, through its collaboration with Scroll, Pencils Protocol utilizes zero-knowledge technology to build Layer-2 solutions, focusing on scalable private dApp development and fair release principles, providing users with on-chain asset services.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

Share link:In this post: Three Florida teens have been accused of kidnapping a man at gunpoint and forcing him to transfer $4 million worth of digital assets to them. The teens kidnapped the victim from Las Vegas and threatened to kill him and his father if he didn’t cooperate. Law enforcement agencies across the globe are now warning individuals with substantial crypto holdings to be cautious amid a rise in kidnappings.

Cryptopolitan•2025/05/11 05:01

UK icons slam AI ‘theft’ in fiery plea to Starmer before key vote

Share link:In this post: Over 400 UK artists urged PM, Keir Starmer, to strengthen copyright laws ahead of an AI legislation vote. UK government’s proposed “opt-out” rule for AI training on copyrighted content faces strong backlash. Hayao Miyazaki and others condemn AI-generated art, fueling copyright debates and legal challenges.

Cryptopolitan•2025/05/11 05:01

Americans have wiped out $3 trillion in savings in the past 3 years, mostly from stimulus checks

Share link:In this post: Americans have drained $3 trillion in savings since 2021, with excess savings now at negative $900 billion. The US savings rate dropped to 3.9% in March, below pre-pandemic levels of 5-6%. Consumer spending rose 0.7% in March, but GDP still shrank by 0.3% due to soaring imports.

Cryptopolitan•2025/05/11 05:01