PANews reported on February 19 that blockchain developer Fluent Labs announced that it had completed an $8 million financing led by Polychain Capital to build its Ethereum Layer 2 hybrid execution network. The financing also received support from multiple institutions such as Primitive, dao5, and Symbolic Capital, and investors included well-known angel investors such as Balaji Srinivasan and Mustafa Al-Bassam. Fluent plans to use the funds to expand its core engineering team and support the construction of its ecosystem and test network infrastructure.

Fluent aims to help developers seamlessly build applications across multiple blockchain ecosystems by integrating WebAssembly (Wasm), Ethereum Virtual Machine (EVM), and Solana Virtual Machine (SVM) applications into a unified execution environment.