TechFlow reports that Ore, a mining protocol on the Solana blockchain, announced on X the establishment of Regolith Labs and completion of a $3 million seed funding round. The round was led by Foundation Capital, with participation from Colosseum, Solana Ventures, B+J Studios, Dead King Society, and 3KVC. The launch of Regolith Labs aims to further push the boundaries of proof-of-work mining and accelerate the development of the ORE ecosystem through new proof-of-work mining primitives and liquidity networks on Solana.
ORE launched in April 2024 as an experimental hackathon project designed to reimagine proof-of-work mining for a new generation of cryptocurrency users.




