Recently, the Solana chain mining project Ore announced a significant development on social media: the establishment of Regolith Labs and completion of a $3 million seed round. This round was led by the well-known venture capital firm Foundation Capital and attracted multiple institutional investors including Colosseum, Solana Ventures, B+J Studios, Dead King Society, and 3KVC. The establishment of Regolith Labs marks further expansion of the Ore ecosystem. Its goal is to attract millions of new users to the cryptocurrency world by introducing a new proof-of-work mining mechanism and liquidity network on the Solana blockchain. This move not only helps expand the user base of Ore but also brings more vitality and innovation to the entire Solana ecosystem.