Pharos Network, a L1 developer led by Hack VC, has recently launched its first public beta network

L1 blockchain developer Pharos Network announced on March 6th the official launch of its first Public Devnet, which aims to provide developers with a public development and testing environment for experimentation, deployment of smart contracts, performance benchmarking, and stress testing for mainnet deployment. The Pharos team stated that the public beta network is only used for testing and development, and the assets in the network have no actual value and do not qualify for airdrops. Future plans include opening up faucet systems, improving development tools and resources, and expanding service support. Previously, L1 blockchain developer Pharos completed a seed round financing of $8 million, led by Lightspeed Faction and Hack VC.