[Pharos Public Chain Secures Nearly $1 Billion Investment from GCL New Energy] On March 14, the high-performance parallel Layer 1 public chain Pharos announced the completion of a new round of capital collaboration with GCL New Energy (0451.HK), a company listed on the Hong Kong Stock Exchange. GCL New Energy invested in Pharos with a valuation of nearly $1 billion. The two parties will collaborate to advance the implementation of scenarios such as the tokenization of renewable energy assets, distributed energy trading, and carbon footprint tracking. Pharos' underlying architecture is EVM-compatible, with a testnet TPS exceeding 20,000 and support for sub-second transaction confirmation. Pharos co-founder and CEO Wish Wu stated that this collaboration aims to establish a standard model for integrating Web3 technology into real-world industries.