Pencils Protocol (formerly PenPad) is a Scroll ecosystem project that operates a Launchpad product for blockchain projects. The team has rebranded from PenPad to Pencils Protocol and plans to broaden its product functionality and service scope. It said it will continue to optimize its existing Launchpad and in May will launch two new main features: staking & liquid staking and liquidity vaults. The company completed a $2.1M seed financing at a $25M valuation. No operating metrics were disclosed in the article.

Total raised

$2M

Funding rounds

1

Latest round

Seed

Latest activity

May 2024