Pheasant Network by PG Labs Raises $2M Seed Round to Accelerate AI-Powered Intent for DeFAI

Core Insights - Pheasant Network has successfully raised $2 million, primarily led by Mint, with support from the Ethereum Foundation to enhance AI Intent cross-chain technology and expand $PNT and AI routing [1] Funding Details - The funding round raised a total of $2 million [1] - The investment was led by Mint, indicating strong interest from key players in the blockchain and AI sectors [1] - Support from the Ethereum Foundation highlights the project's credibility and potential within the industry [1] Technology Focus - The funds will be utilized to advance AI Intent cross-chain technology, which suggests a focus on improving interoperability and functionality across different blockchain networks [1] - Expansion of $PNT and AI routing indicates a strategic move to enhance the utility and adoption of the Pheasant Network's offerings [1]