PANews reported on March 14th that, according to an official announcement, the L1 public chain Pharos has strategically expanded its capital cooperation with GCLPANews reported on March 14th that, according to an official announcement, the L1 public chain Pharos has strategically expanded its capital cooperation with GCL
Pharos, an L1 public blockchain, secured a "betting" investment from GCL New Energy, valuing the company at nearly $1 billion.
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PANews reported on March 14th that, according to an official announcement, the L1 public chain Pharos has strategically expanded its capital cooperation with GCL New Energy (HKEX: 0451). GCL New Energy has completed its investment in Pharos, valuing the company at nearly $1 billion. Pharos's FDV (Funds-to-Value) must average at least $760 million within three months of its token launch and subsequent three-month periods; otherwise, further investment will not be executed. This investment enables Pharos to drive the RWA market's transformation from a concept pilot to large-scale, sustainable industrial commercialization.
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