Pharos is a modular L1 blockchain designed for scalable, trust-minimized interoperability between chains. The network uses a dual-layer architecture and ZK-based trustless bridges, aiming to become the foundational layer for multichain dApps.
In November 2024, Pharos Network raised $8M in a seed round backed by Hack VC, Faction, MH Ventures, Chorus One, and SNZ Holding. The round confirms strong early support for Pharos’ cross-chain infrastructure thesis.
| Fund | Score | Type | Retail ROI | Numbers of investments |
|---|---|---|---|---|
| N/A | 2.45x | 37 | ||
| Low | 0.41x | 29 | ||
| N/A | 0.42x | 19 |