Pencils Protocol Completes New Round of Strategic Financing with a Valuation of US$80 Million, with Bing Ventures and Others Participating

BlockBeats reported that on September 2, according to official news, the Scroll ecosystem project Pencils Protocol completed a new round of financing with a valuation of US$80 million, with participation from Taisu Ventures, DePIN X, Bing Ventures and Black GM Capital.

Previously in May of this year, Pencils Protocol completed a seed round of financing of US$2.1 million, with investors including OKX Ventures, Animoca Brands, Galxe, Gateio Labs, Aquarius, Presto and other well-known institutions and individual investors.

Pencils Protocol is currently the first native project in the Scroll ecosystem in terms of TVL. It is a one-stop revenue aggregator and auction platform based on Scroll, including asset aggregation and distribution, leveraged revenue, auction and other functions, aiming to maximize the asset utilization of users.