TechFlow news, according to an official tweet, Blockless, a DePIN network focused on providing compute support, has raised $8 million in funding to build its first network, enabling users to leverage it for powering applications.
Blockless believes that providing computing power for decentralized applications should be automated, secure, and rewarding. Developers building these applications should have the freedom to choose their preferred technologies without being constrained by the underlying L1 or L2 blockchains.
Blockless envisions a modular future, with the Blockless Network serving as an orchestration layer connecting different technologies, L1 networks, decentralized applications, and the people who support and use them. The second phase launch is imminent.
According to The Block, Blockless' $8 million financing includes a $3 million pre-seed round led by NGC Ventures and a $5 million seed round co-led by M31 Capital and Frachtis. Other participants in both rounds include No Limit Holdings, MH Ventures, Interop Ventures, and Plassa Capital.
