According to TechFlow, crypto infrastructure developer Orbs plans to raise $10 million from venture capital firm DWF Labs. Orbs said DWF Labs will purchase Orbs Tokens worth up to $10 million. Orbs CEO Nadav Shemesh said the first part of the total investment was settled today. He added that the rest of the investment will be "calculated at an average price."

It is reported that Orbs was founded in 2017 and plans to continue to develop its infrastructure to increase adoption on the EVM chain and TON. According to the encryption data platform RootData, Orbs has been deployed on BNB Chain, Avalanche, Fantom and other networks. Source link