Pharos, a Layer 1 public chain focused on TradFi, has officially launched its testnet.

According to the official website, Pharos founder and CEO Alex Zhang previously served as CTO at AntChain; Pharos co-founder and CTO Meng Wu was previously the Chief Security Officer of Ant Financial's Web3 business; Pharos CMO Laura Shen was previously the Head of Solana Mobile Marketing at Solana Labs.

BlockBeats previously reported that on November 9, 2024, Pharos completed an $8.00 million seed round led by Lightspeed Faction and Hack VC, with SNZ Capital participating as a strategic investor. Other investors include Dispersion Capital, Hash Global, Generative Ventures, MH Ventures, Zion, and Chorus One.