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Camelot Protocol completes angel round financing to drive its DePIN product development

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2024-04-16 23:20:48
Camelot Protocol has announced the completion of its angel round financing, with participation from DWF Labs, Titanomachy Societe Anonyme, Web3 Research, and Defi Lab Ventures, as well as other well-known individual investors in the digital industry, for an undisclosed amount.
The funds raised will primarily be used for the development and hardware production of its DePIN product, as well as the development and maintenance of Layer3 based on Bitcoin EVM Layer2, which now supports MerlinChain.