OBSCURO LABS has completed a $9 million financing round, led by R3. TEN is expected to launch its main network in October.

Obscuro Labs, the developer of Ethereum Layer 2 network TEN, has announced the completion of a $9 million funding round. The round was led by R3, with participation from Republic Crypto, KuCoin Labs, Big Brain Holdings, Magnus Capital, and DWF Labs, among others. This funding round was conducted in three stages over the past two years, with the most recent one completed in December last year, valued at nearly $3 million. The latest funding has brought the token valuation of Obscuro to $30 million. Currently in testnet mode, TEN is expected to launch its mainnet in October. (Source: The Block)