Pheasant Network has raised $2 million in seed funding, with participation from the Ethereum Foundation and others.

Pheasant Network, the next-generation interoperability network driven by AI and intent, has completed a $2 million seed round financing, with participation from the Ethereum Foundation, Optimism Foundation, Polygon Labs, and others. The project combines the intent standard based on ERC7683 with artificial intelligence to further optimize cross-chain transactions and the decentralized finance (DeFAI) ecosystem. It currently supports Ethereum and more than 30 Layer 2 networks.