Solana-based mining project Ore announced the establishment of Regolith Labs and completed a $3 million seed round financing.

Odaily Planet Daily News: Solana-based mining project Ore announced in a post on X that it has established Regolith Labs and completed a $3 million seed round of financing. The round was led by Foundation Capital, with participation from Colosseum, Solana Ventures, B+J Studios, Dead King Society, and 3KVC. Regolith Labs aims to accelerate the development of the ORE ecosystem by introducing millions of new users to the cryptocurrency space through Solana's new proof-of-work mining primitives and liquidity network.