Pheasant Network completes $2 million funding round with participation from Ethereum Foundation and others for AI cross-chain solution

2025-12-10 13:04:23

【ChainWen】Another cross-chain project has secured funding. Pheasant Network just announced the completion of a $2 million seed round, with mint leading the investment, and major players like the Ethereum Foundation, Polygon Labs, and Optimism also participating.

This project is quite interesting—focusing on AI×Intent features, essentially making cross-chain operations smarter. They have already processed over $200 million in on-chain transactions, and the data is quite solid.

What are their plans after securing funding? The team intends to build an ecosystem around the PNT token and launch an AI-assisted routing system. The most attractive feature might be the “One-Click Cross-Chain” function, which sounds like it could solve many user pain points.

Cross-chain projects have been highly competitive in recent years. Gaining backing from these institutions indicates that their technical solution has at least passed basic validation. But whether they can truly differentiate themselves depends on the implementation of subsequent products.

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LiquidatedAgain

· 12-10 13:33

Same old trick again, big institutions endorsing = reliable technology? I thought so when I lost heavily on Stargate... A $2 million seed round, but it feels like the funding amount is getting smaller and smaller.

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AirdropHustler

· 12-10 13:32

Another project aiming to cut the leek, with $2 million in funding. It sounds impressive, but how many can actually succeed?

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Web3ExplorerLin

· 12-10 13:29

hypothesis: if eth foundation's backing the routing, maybe we're finally seeing bridges that don't feel like they're held together with duct tape and prayers...

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LiquidatorFlash

· 12-10 13:29

A $2 million USD fundraising is indeed not a large amount, but this endorsement combination is quite powerful... Ethereum Foundation, Polygon, and Optimism all came to support, indicating that the underlying technology is worth paying attention to. The $200 million trading volume figure should be taken with a grain of salt; can it truly support large cross-chain operations without slippage explosions? How are the threshold trigger risks set? AI routing sounds very promising, but I haven't seen risk control mechanisms for smart contract vulnerabilities and liquidation chain delays. I'm a bit worried. One-click cross-chain claims to be very attractive to beginners, but the real key is the risk of lending positions and collateral ratios during actual execution. The cross-chain track is so competitive, the subsequent product optimization and iteration speed must be fast; otherwise, fundraising will just be burning money.

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metaverse_hermit

· 12-10 13:28

The backing is solid, but it's uncertain whether it can survive in the end. Cross-chain is full of pitfalls.

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