Pheasant Network has raised $2 million in seed funding, with participation from the Ethereum Foundation and others.
Pheasant Network, the next-generation interoperability network driven by AI and intent, has completed a $2 million seed round financing, with participation from the Ethereum Foundation, Optimism Foundation, Polygon Labs, and others. The project combines the intent standard based on ERC7683 with artificial intelligence to further optimize cross-chain transactions and the decentralized finance (DeFAI) ecosystem. It currently supports Ethereum and more than 30 Layer 2 networks.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Internet Computer Makes a Comeback: Could This Be the Next Major Force in Web3 Infrastructure?
- Internet Computer (ICP) leverages post-quantum cryptography (PQC) and decentralized governance to position itself as a Web3 infrastructure leader amid quantum computing threats. - By integrating NIST-endorsed lattice-based algorithms and hybrid TLS, ICP addresses "harvest now, decrypt later" risks, outpacing 8.6% of websites in PQC adoption. - Its Network Nervous System (NNS) incentivizes long-term staking through neurons, aligning token holder interests with protocol upgrades and deflationary mechanisms
Crypto News Today: Why Bitcoin Dropped Despite Bullish Institutional Signal
PENGU's Notable 7-Day Price Decline: Analyzing Market Reactions and Key Drivers of Crypto Fluctuations
- Pudgy Penguins (PENGU) fell 4.32% in 7 days and 52.55% in 30 days as of Nov 26, 2025, reflecting crypto market fragility. - A $19B October 2025 liquidity crisis triggered cascading liquidations, amplifying PENGU's 30%+ declines amid memecoin sector weakness. - Fear & Greed Index at 27 (extreme fear) and $50M+ long liquidations highlight panic-driven selling and algorithmic trading dynamics. - Technical indicators show conflicting signals: bearish RSI vs. bullish MACD/OBV, with $0.0235 resistance critical
Trending news
MoreCrypto prices
More
