DeFi agreement Shogun developer Intensity Labs completes $6.90 million seed round

Intensity Labs, developer of the DeFi protocol Shogun, raised $6.90 million in a seed round. Polychain Capital and DAO5 co-led the round, with Arrington Capital, Maelstrom, Arthur Hayes' family office, and Build-a-Bera participating, Intensity Labs said. Angel investors including Cobie, Ansem, Ser Shokunin, and Meltem Demirors also participated in the round.