TechFlow reports that Intensity Labs, the development company behind the intent-centric DeFi protocol Shogun, has announced a $6.9 million seed round at a $69 million valuation. The round was co-led by Polychain Capital and DAO5, with participation from Arrington Capital, Arthur Hayes' family office Maelstrom, Build-a-Bera, and angel investors including Cobie, Ansem, Ser Shokunin, and Meltem Demirors.
Shogun is building a platform analogous to fintech giant Plaid—but for web3. The Shogun protocol will launch in phases, starting with an on-chain routing tool in Q2 of this year. The protocol will also feature its own token, ticker symbol GUN.
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