On September 14th, Solana's on-chain mining project Ore said on the social platform that it established Regolith Labs and completed a $3 million seed round of financing. Foundation Capital led the investment, and Colosseum, Solana Ventures, B + J Studios, Dead King Society and 3KVC participated. Regolith Labs aims to accelerate the development of the ORE ecosystem. Introduce millions of new users to the cryptocurrency space with the new Proof of Work mining primitives and liquidity network on Solana.