DePIN project Blockless has completed a total of $8 million in pre-seed and seed rounds, with NGC Ventures leading the pre-seed round, M31 Capital and Frachtis co-leading the seed round, and No Limit Holdings, MH Ventures, Interop Ventures and Plassa Capital participating.

Its co-founder Butian Li said Blockless plans to launch a testnet in the coming weeks and a mainnet and native BLESS token in the third quarter.

Bless, formerly known as Blockless, was co-founded by Derek Anderson, former CTO of Akash Network, Butian Li, former COO of Wabi and NGC Ventures, Michael Chen, former researcher at Binance Labs, and Liam Zhang, former researcher at New York University. In 2024, Bless raised $8 million from M31 Capital, NGC Ventures, Interop and Frachtis, among others.