Ore's developer studio Regolith Labs has completed a $3 million seed round financing, led by Foundation Capital.

ChainCatcher news, the mining project Ore on the Solana chain announced on social media that it has established a developer studio Regolith Labs and completed a $3 million seed round of financing, 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.