PANews reported on May 21 that Blockless, a DePIN project focused on providing computing power support, announced that it raised $8 million in two rounds of early-stage financing. Blockless stated that NGC Ventures led the $3 million pre-seed round, while M31 Capital and Frachtis co-led the $5 million seed round. Other investors in these rounds included No Limit Holdings, MH Ventures, Interop Ventures, and Plassa Capital. Blockless co-founder Butian Li mentioned plans to launch a testnet in the coming weeks and to roll out the mainnet and native BLESS token in the third quarter.