According to BlockBeats, on September 14, the Solana on-chain mining project Ore announced on social media that it had established Regolith Labs and completed a $3 million financing round led by Foundation Capital, with participation from Colosseum, Solana Ventures, B+J Studios, Dead King Society and 3KVC.
Regolith Labs aims to accelerate the growth of the ORE ecosystem and introduce millions of new users to the cryptocurrency space through new proof-of-work mining primitives and liquidity networks on Solana.
