BlockBeats reported that on May 23, according to official news, the Scroll ecosystem project Pencils Protocol announced the completion of a $2.1 million seed round of financing at a valuation of $25 million. It is reported that this round of financing was led by several well-known institutions such as OKX Ventures, Animoca Brands, Galxe, Gate.io Labs, Aquarius, Presto and Agarwood. At the same time, many individual investors including Scroll co-founder Sandy Peng, V Fund partner Ashely Xiong, Inception Capital co-founder David Gan, Cyberconnect founder Ryan Li and Arcanum Capital co-founder Lucia Zhang also participated in this round of financing.
Currently, Pencils Protocol has officially launched the Season 3 event. Participants in the Staking Pool can earn high APR and receive a series of points rewards including Scroll Marks, Pencils Points, EigenLayer Points, StakeStone W1 Points, Kelp Miles, Puffer Points, and Ecological Alliance airdrop rewards.