Pheasant Network lands strategic funding from Skynet Trading

What's the deal? Pheasant Network, a Tokyo-based Web3 infrastructure project developed by PG Labs, has closed a strategic funding round with Hong Kong-based Skynet Trading. The investment will fuel product development, partnerships, liquidity management, and community building as Pheasant Network prepares for broader market expansion. The exact funding amount was not disclosed.

Why now? Pheasant Network is positioning itself as an AI-powered, intent-driven cross-chain infrastructure provider — aiming to simplify complex on-chain transactions across multiple blockchain networks. As the multi-chain landscape grows more fragmented and users interact with diverse networks and assets, the need for seamless cross-chain experiences is intensifying.

Skynet Trading specialises in supporting digital asset projects approaching market entry, offering expertise in tokenomics design, listing strategies, and liquidity optimisation. That makes it a natural partner for Pheasant Network at this stage of growth.

What could go wrong? The Web3 infrastructure space is crowded, and cross-chain bridging remains one of its most technically challenging — and frequently exploited — segments. Without disclosed financial details, it's hard to gauge how much runway this round provides. Pheasant Network will also need to prove that its AI-driven approach delivers a meaningfully better user experience than existing alternatives.

The signal: This deal reflects two notable trends. First, strategic rounds with operationally involved partners are gaining favour over passive capital raises in Web3, as projects prioritise ecosystem stability over headline valuations. Second, AI-enhanced blockchain infrastructure is emerging as a key frontier, with projects betting that abstracting away multi-chain complexity is where real user adoption lies.

Both companies said they plan to announce further joint initiatives as the partnership develops.

Source: Third News