Regolith Labs Secures $3 Million Seed Funding to Boost ORE Ecosystem

According to BlockBeats, on September 14, Solana-based mining project Ore announced the establishment of Regolith Labs and the completion of a $3 million seed funding round. The funding was led by Foundation Capital, with participation from Colosseum, Solana Ventures, B+J Studios, Dead King Society, and 3KVC. Regolith Labs aims to accelerate the development of the ORE ecosystem. By introducing new proof-of-work mining primitives and a liquidity network on Solana, the initiative seeks to bring millions of new users into the cryptocurrency space.