TechFlow reported on October 15 that Pell Network, a Bitcoin ecosystem AVS platform, announced the completion of a $3 million Pre-Seed funding round. The round was co-led by Halo Capital, Mirana Ventures, and Paper Ventures, with participation from ArkStream Capital, Caliber Venture Builder, Cogitent Ventures, and Contribution Capital.
Pell Network aims to create a decentralized token economic security leasing platform for the Bitcoin ecosystem. By building a network that aggregates native BTC staking and LSD restaking services, it enables stakeholders to opt in to validating new software modules developed on the Pell Network ecosystem. With the funding secured, Pell Network has officially launched its testnet.
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