Pell Network raises $3 million for the development of an innovative validation network – what does this mean for the future of blockchain?

Pell Network Raises $3 Million for Developing Innovative Validation Services Network

The validation services network DVS, Pell Network, operating on the Omnichain platform, has announced raising $3 million in pre-season funding. Among the investors are companies like Paper Ventures, Halo Capital, and Mirana Ventures. Renowned entities such as Delta Blockchain Fund, ArkStream Capital, Mantle EcoFund, Web3Port, and Caliber Venture Builder also participated in the investment round.

Development of Omnichain DVS Platform Based on Restaking

The funds acquired by Pell Network will be allocated towards the development of the innovative Pell network, aimed at building an omnichain DVS based on restaking. Currently, the platform is operating on 20 blockchain networks, with assets exceeding a total value of $300 million and over 430,000 stakeholders.

Pell Network plans to provide economical incentives to DVS network developers, which could contribute to a shift from traditional trust-based systems to quantifiable, auditable economic security models in the blockchain space.

Community Engagement Campaigns

Pell Network is conducting intensive community engagement campaigns, including the launch of a Testnet with an Airdrop and GoldMiner campaign. Participants have the chance to earn up to 1 BTCB + 11 BNB in a lottery and receive 30% profit. Generous rewards are reserved for early project participants, with details to be announced soon.

Pell Network – A Key Player in the Cross-chain Applications Market

Pell Network aims to become a key player in the evolving landscape of cross-chain application development. The offering to DVS network developers is based on specific economic incentives. Updates regarding the network can be followed on the official Pell Network website.

Pell Network is opening up new opportunities for developers in the blockchain space, encouraging them to leverage innovative features and build advanced solutions based on DVS technology. With financial support and investor engagement, the network has the potential for dynamic growth, which could positively impact the blockchain ecosystem’s development.