Camelot Protocol Completes Angel Round to Advance DePIN Product Development

Camelot Protocol has announced the completion of its angel round of financing, with participation from DWF Labs, Titanomachy Societe Anonyme, Web3 Research and Defi Lab Ventures, and several other well-known individual investors in the industry. The specific amount has not been disclosed. The funds raised will be mainly used for the research and development of its DePIN products and hardware production, and the development and maintenance of Layer3 based on Bitcoin EVM Layer2, which now supports MerlinChain. Camelot Protocol's exclusive network mainly provides data and AI computing power sharing services for smart wearable devices, and provides infrastructure support for its self-developed AI smart watches and ecological peripherals such as RACA mobile phones. At the same time, Camelot will launch IDO on April 17 and plans to be listed on major centralized exchanges before the end of the month.