According to PANews, Blockless, a project dedicated to providing computational power support, has announced that it has raised $8 million in two early funding rounds. The seed pre-financing round, worth $3 million, was led by NGC Ventures. The seed financing round, worth $5 million, was jointly led by M31 Capital and Frachtis. Other investors in these two rounds included No Limit Holdings, MH Ventures, Interop Ventures, and Plassa Capital.
Butian Li, the co-founder of Blockless, stated that they plan to launch a test network in the coming weeks and the main network, along with the native BLESS token, in the third quarter. The funds raised will be used to further develop and expand the project, although specific details of how the funds will be allocated were not disclosed. This news comes as the latest in a series of investments in the blockchain and cryptocurrency sector, highlighting the growing interest and confidence in these technologies.