On August 26, the developers of the modular blockchain network Hemi Network, Hemi Labs, completed a $15 million financing round, led by a certain platform's lab, Republic Digital, and HyperChain Capital, with participation from Breyer Capital, Big Brain Holdings, a certain platform, DNA Fund, Selini Capital, Protein Capital, Quantstamp, and Web3.com. The network aims to combine the security of Bitcoin with Ethereum-style smart contracts to prepare for the upcoming token generation activities. It is reported that the core of the Hemi tech stack is Hemi.