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Pell Network Raises $6.5 Million for Omnichain Bitcoin Restaking and $3.5M for AI-driven DeFi, Starknet Advances ZK Technology

Pell Network has successfully raised $6.5 million to develop its omnichain Bitcoin restaking network
By: DeepNewz • January 30, 2025
Pell Network Raises $6.5 Million for Omnichain Bitcoin Restaking and $3.5M for AI-driven DeFi, Starknet Advances ZK Technology

Pell Network has successfully raised $6.5 million to develop its omnichain Bitcoin restaking network, which aims to enhance cryptoeconomic security and maximize Bitcoin's potential. The funding round was backed by notable investors including d11labs, ArkStream Capital, and Web3Port. The project is positioned as a key player in the BTCFi space, with the $PELL token serving as a foundational element for Pell Network, facilitating decentralization, governance, and long-term incentives.

Additionally, Pell Network is set to leverage its funding to advance its AI-driven DeFi initiatives. Meanwhile, Starknet continues to innovate in the blockchain space, focusing on advanced zero-knowledge (ZK) technology to enhance user experience and security through features like native account abstraction and smart contract wallets. The platform is gaining traction with new projects, including Proof of Speed, which aims to ensure gameplay integrity in on-chain gaming environments.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.

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