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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.