# Сопутствующие статьи по теме Layer 1

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Layer 1", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

Pharos Network Completes $44 Million Series A Funding, Total Funding Reaches $52 Million, Accelerating the Scalable Development of the On-Chain Economy

Pharos Network, a Layer 1 blockchain designed for institutional financial applications, has raised $44 million in Series A funding, bringing its total funding to $52 million. The round was co-led by undisclosed major institutions, including a top Asian private equity fund, a listed new energy company, and a licensed Hong Kong institution. Other strategic investors include Sumitomo Corporation (via a subsidiary), SNZ, Chainlink, and Flow Traders. The funds will accelerate the development of its on-chain real-world asset (RWA) infrastructure in Asia and globally. Pharos aims to integrate $50 trillion in RWA, traditional finance (TradFi), and cross-chain capital into a modular on-chain economy. The network uses a deeply parallel execution architecture with built-in compliance modules tailored for real-time, asset-backed financial applications. The company recently partnered with energy giant GCL to launch an RWA pilot project backed by energy assets. Its Atlantic Ocean testnet is already operational, supporting millions of users and hundreds of millions of addresses, demonstrating its capacity for high-frequency, high-value asset transfers in preparation for mainnet launch. Pharos was co-founded by ex-Ant Group core management, including CEO Wish Wu, and previously raised an $8 million seed round in November 2024.

marsbit04/08 12:21

Pharos Network Completes $44 Million Series A Funding, Total Funding Reaches $52 Million, Accelerating the Scalable Development of the On-Chain Economy

marsbit04/08 12:21

Deconstructing the Capital Game of Public Chain Pharos: A $950 Million Valuation Propped Up by Photovoltaic and Other Assets, A Shell Transaction Under Layers of Betting?

The article investigates the recent $247.3 million investment by Hong Kong-listed GCL New Energy into the Layer 1 blockchain project Pharos at a $950 million valuation. It reveals the deal is not a straightforward investment but a complex, multi-stage transaction bound by stringent performance milestones. The core of the agreement is a set of mutual, conditional investments. Pharos must first purchase up to $1.5 billion HKD worth of GCL shares. However, GCL's reciprocal investment in Pharos tokens is contingent upon a series of strict, performance-based vesting conditions. The entire deal is split into five tranches, each unlocking only if the Pharos token lists on an exchange without falling below its issue price and maintains a high fully diluted valuation (FDV) over successive three-month periods. If any condition fails, the entire agreement can be terminated. The article questions the legitimacy of the $950 million valuation, which was calculated based on a purported $250 million in Total Value Locked (TVL). Notably, over half of this TVL is claimed to be from real-world assets (RWA), specifically photovoltaic and power station assets linked to GCL—a highly unconventional method for valuing a Layer 1 blockchain. Furthermore, the mainnet is not yet live, and the TVL figure is unverified by independent data platforms. The author suggests the deal is a "capital game" designed to boost GCL's stock price, which saw suspicious pre-announcement surges, and to create hype for the upcoming Pharos token launch, ultimately passing the risk onto the market and future investors.

marsbit03/15 05:49

Deconstructing the Capital Game of Public Chain Pharos: A $950 Million Valuation Propped Up by Photovoltaic and Other Assets, A Shell Transaction Under Layers of Betting?

marsbit03/15 05:49

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