Layer 1 public blockchain Pharos has recently launched its testnet

Blockbeats

03-24

BlockBeats News, March 24th, focused on TradFi, Layer 1 public chain Pharos has launched its public testnet on March 6th, calling on all developers to build and stress test on the first EVM-compatible Layer 1 to achieve 2,000 TPS.

According to its official website, Pharos founder and CEO Alex Zhang previously served as CTO at AntChain; Pharos co-founder and CTO Meng Wu was formerly the Chief Security Officer of Ant Financial's Web3 business; Pharos CMO Laura Shen was previously the Head of Solana Mobile Marketing at Solana Labs.

BlockBeats previously reported that on November 9, 2024, Pharos completed an $8 million seed round of financing, led by Lightspeed Faction and Hack VC, with SNZ Capital participating as a strategic investor. Other investors include Dispersion Capital, Hash Global, Generative Ventures, MH Ventures, Zion, and Chorus One.

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