Pharos, a high-performance parallel Layer 1 public blockchain, has secured a $100 million investment from GCL New Energy, a company listed on the Hong Kong Stock Exchange. This investment values Pharos at nearly $1 billion, pending regulatory disclosures required by the exchange. The partnership aims to integrate Web3 technologies into traditional industries, focusing on tokenizing renewable energy assets, decentralized energy trading, and carbon footprint tracking. Pharos's EVM-compatible architecture boasts a testnet transaction throughput exceeding 20,000 TPS with sub-second finality.