PANews reported on December 10 that according to Cryptoglobe, Layer1 blockchain Mandala Chain announced the completion of a $1 million Pre-Seed round of financing, led by Harbour Industrial Capital, with participation from O-DE Capital, NLS Ventures and strategic Polkadot ecosystem partners. This funding will enable Mandala Chain to scale its business, establish strategic partnerships and expand its influence in emerging markets.

According to reports, Mandala Chain is a blockchain platform that allows government and enterprise applications to be seamlessly integrated with public and retail applications. It is a network designed to fill the gap between the emerging blockchain market and the global blockchain market, and its first application scenario is in Indonesia.