PANews reported on July 18 that according to Globenewswire, Web3 intelligent layer W3.io announced the completion of a US$7 million seed round of financing, led by Blockchange Ventures, with participation from Framework Ventures, Arrington Capital and other institutions.

The alliance is building the Prodigy Network, a programmable intelligent automation network that aims to lower the threshold for enterprises to use blockchain technology. The CEO of W3.io said that the project is committed to developing plug-and-play business solutions covering global micropayments, mortgages and other scenarios.