DeFi Protocol Pencils Secures New Funding Round at $80 Million Valuation

According to Foresight News, the DeFi protocol Pencils, operating on the Scroll network, has successfully completed a new round of financing. The funding round values the protocol at $80 million. The investment was backed by DePIN X, Taisu Ventures, Black GM Capital, and Bing Ventures. However, the specific amount raised in this round has not been disclosed.