According to Foresight News, Merlin's Layer3 DePIN project, known as Camelot Protocol, has successfully completed its angel round of financing. The investors included DWF Labs, Foresight Ventures, Titanomachy Societe Anonyme, Web3 Research, Defi Lab Ventures, and several individual investors.
Camelot Protocol is building a scalable Layer3 DePIN platform on the Merlin chain. This platform allows individuals and organizations to contribute computing resources to a shared pool. In addition to this, Camelot has announced that it will launch its Initial DEX Offering (IDO) on April 17.
