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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.