Pheasant Network - Undisclosed

Pheasant Network, a subsidiary of PG Labs, has successfully raised $2 million in a seed funding round to enhance AI-driven decentralized finance (DeFi) interoperability. The funding was led by mint, with significant contributions from the Ethereum Foundation, Polygon Labs, and Optimism. This investment aims to support the development of AI-assisted routing and one-click cross-chain operations. The project has already facilitated over $200 million in cross-chain transactions and plans to expand the use of its PNT token. The new funding will bolster Pheasant Network's efforts to integrate AI with DeFi, enhancing the efficiency and accessibility of cross-chain financial operations.