PANews reported on October 15 that Pell Network announced the completion of a $3 million seed round of financing, led by Halo Capital, Mirana Ventures, and Paper Ventures. Other participating investors include ArkStream Capital, Caliber Venture Builder, Cogitent Ventures, etc. Pell Network is committed to building a full-chain decentralized verification service (DVS) network supported by Restaking technology. At the same time, the Pell Network testnet has been officially launched, and users can participate and have the opportunity to receive 500,000 Pell Points airdrop rewards.