Spicenet Raises $3.4 Million from Hack VC, Magnus Capital to Launch Private Testnet on Solana

Spicenet, a blockchain technology company, has successfully raised $3.4 million in seed funding. The funding round was co-led by Hack VC and Magnus Capital. Spicenet is preparing to launch its private testnet, with final bug fixes currently underway. The company is leveraging Celestia for data availability as part of its modular approach on the Solana blockchain. The announcement has been met with positive reactions from the community, highlighting the expertise of its founders in blockchain architecture.