Pencils Protocol Completes $2.1 Million Seed Round

On May 23rd, Scroll's ecological project Pencils Protocol announced the completion of a $2.1 million seed round financing, with a current valuation of $25 million. It is reported that this round of financing was led by many well-known institutions including OKX Ventures, Animoca Brands, Galxe, Gate.io Labs, Aquarius, Presto, and Agarwood, as well as many individual investors including Scroll co-founder Sandy Peng, V Fund partner Ashely Xiong, Inception Capital co-founder David Gan, Cyberconnect founder Ryan Li, and Arcanum Capital co-founder Lucia Zhang.