Pharos, an L1 public blockchain, secured a "betting" investment from GCL New Energy, valuing the company at nearly $1 billion.

CoinFeed reported on March 14th that, according to an official announcement, the L1 public chain Pharos has strategically expanded its capital cooperation with GCL New Energy (HKEX: 0451). GCL New Energy has completed its investment in Pharos, valuing the company at nearly $1 billion. Pharos's FDV (Funds Deposit Value) must average no less than $760 million within three months of its token launch and subsequent three-month periods; otherwise, further investment will not be executed. This investment enables Pharos to drive the transformation of the RWA (Real-Time Exploitation) market from a conceptual pilot to large-scale, sustainable industrial commercialization.