Camelot Protocol completes angel round of funding to advance its DePIN product development

Golden Finance reports that Camelot Protocol has announced the completion of its angel round of financing, with participation from DWF Labs, Titanomachy Societe Anonyme, Web3 Research, Defi Lab Ventures and several other well-known individual investors in the industry. The specific amount has not been disclosed. The funds raised will be mainly used for the research and development and hardware production of its DePIN products, as well as the development and maintenance of Layer3 based on Bitcoin EVM Layer2, which now supports MerlinChain.