OBSCURO LAB, the developer of the Ethereum Layer 2 network TEN, has announced the completion of a $9 million financing round with a valuation of $30 million. The round was led by R3, with participation from REPUBLIC CRYPTO, KUCOIN LABS, BIG BRAIN HOLDINGS, MAGNUS CAPITAL, and DWF LABS. TEN is currently in the testing phase and is expected to launch its mainnet in October, with its native token set to be released in June.

<div>
<p>Shenzhen-based TechFlow has reported that Obscuro Lab, the developer of the Ethereum Layer 2 network TEN, has completed a $9 million financing round with a valuation of $30 million on March 16. The round was led by R3, with participation from Republic Crypto, KuCoin Labs, Big Brain Holdings, Magnus Capital, and DWF Labs.</p>
<p>TEN is currently in testnet mode and is expected to launch its mainnet in October. It is reported that the native token of TEN will be launched in June.</p>
</div>

OBSCURO LAB has completed a $9 million financing round, led by R3. The Ethereum L2 network TEN is expected to launch its mainnet in October.