Puffpaw completes $6 million seed round financing, with participation from Lemniscap Ventures

ChainCatcher news, the Berachain ecosystem DePIN project Puffpaw announced the completion of a $6 million seed round financing, with participation from Lemniscap Ventures.

The Puffpaw project plans to launch a blockchain-enabled e-cigarette aimed at helping users reduce nicotine intake through token incentives. The project encourages users to quit smoking by recording their smoking habits and rewarding them with tokens. Puffpaw's token economics are designed to cover 30% of the costs for users' first month of using its products and provide social rewards. The project has also considered potential system abuse, but it is unclear how it will address the issue of users potentially reporting their smoking habits dishonestly.