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SVM Layer1 Blockchain Fogo Completes $8M Fundraising Round, Lead by The Echonomist
2025-01-25 01:09
BlockBeats News, January 25th, according to TheBlock, SVM Layer1 blockchain project Fogo has completed an $8 million funding round, with The Echonomist leading the round, and participation from 4 CMS Holdings, Big Brain Collective, and Patrons.
Reportedly, Fogo Chain is a new Layer 1 blockchain based on the Solana Virtual Machine (SVM), which completed a $5.5 million seed round last month, with Distributed Global leading the $5 million seed round.
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