The DePIN project Blockless has completed a total of $8 million in two rounds of financing.

the DePIN project Blockless has completed a total of $8 million in pre-seed and seed rounds, with NGC Ventures leading the pre-seed financing, and M31 Capital and Frachtis co-leading the seed round financing, along with participation from No Limit Holdings, MH Ventures, Interop Ventures, and Plassa Capital.

Its co-founder Butian Li stated that Blockless plans to launch a testnet in the coming weeks and a mainnet along with the native BLESS token in the third quarter.