Blockless reported , a project focused on providing computing power support, has raised $8 million in two early rounds of financing. Co-founder Butian Li stated that Blockless plans to launch a test network in the coming weeks and release the main network and native BLESS tokens in the third quarter. Blockless stated that NGC Ventures led the $3 million seed round financing, while M31 Capital and Frachtis (a new fund formed by Chorus One's Chief Investment Officer Xavier Meegan) jointly led the $5 million seed round financing. Other investors in these two rounds of financing include No Limit Holdings, MH Ventures, Interop Ventures, and Plassa Capital.