Solana On-Chain Mining Project Ore Establishes Regolith Labs and Completes $3 Million Funding
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September 13, 2024
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On September 14th, Ore, a Solana blockchain mining project, announced on social media that it had established Regolith Labs and secured $3 million in funding. The round 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 liquidity networks on Solana, it will bring millions of new users into the cryptocurrency space.
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