Pimlico, a blockchain-based infrastructure provider, has recently announced that it has raised $4.2 million in seed funding to enhance the Ethereum network. This funding will be used to develop and deploy Pimlico’s Ethereum-based infrastructure, which is designed to increase the scalability and security of the Ethereum network.

The funding was provided by a number of venture capital firms, including ConsenSys Ventures, Digital Currency Group, and Blockchain Capital. Pimlico’s mission is to make Ethereum more accessible and secure for developers and users. The company’s goal is to provide a platform that allows developers to easily build and deploy decentralized applications (dApps) on the Ethereum network.

Pimlico’s infrastructure is designed to increase the scalability of the Ethereum network by allowing multiple nodes to process transactions simultaneously. This will help reduce transaction fees and increase the speed of transactions. Additionally, Pimlico’s infrastructure will help improve the security of the Ethereum network by providing a secure layer of encryption for transactions.

The funding will also be used to develop new tools and services that will make it easier for developers to build and deploy dApps on the Ethereum network. These tools and services will include a developer portal, a testing environment, and a marketplace for dApp development.

Pimlico’s infrastructure is designed to make Ethereum more accessible and secure for developers and users. The company’s goal is to provide a platform that allows developers to easily build and deploy decentralized applications on the Ethereum network. With this new seed funding, Pimlico is well-positioned to help make Ethereum more secure and scalable for developers and users.