Pencils Protocol Secures $2.1 Million Seed Funding

Pencils Protocol, a news aggregation platform, announced the completion of a $2.1 million seed round financing, bringing its valuation to $25 million. According to reports, this round of financing was led by well-known institutions such as OKX Ventures, Animoca Brands, Galxe, Gate.io Labs, Aquarius, Presto, and Agarwood. It also included participation from individuals such as Sandy Peng, co-founder of Scroll, Ashely Xiong, partner at V Fund, David Gan, co-founder of Inception Capital, Ryan Li, founder of Cyberconnect, and Lucia Zhang, co-founder of Arcanum Capital.