PG Labs — Web3 Studio for Public Goods

PG Labs is a Web3 studio headquartered in Shibuya, Tokyo, founded by Tomohiro Tagami, and dedicated to the philosophy of “Public Goods”. With strong backing from the Ethereum Foundation and multiple Layer 2 ecosystems, PG Labs supports the planning, development, and global expansion of Web3 businesses.
In December 2025, PG Labs raised ¥300 million (~$2M USD) in seed financing (including grants) from domestic and international venture funds and private investors. This funding strengthens its commitment to building Pheasant Network, a Layer 2 interoperability protocol, while expanding advisory services for RWA, stablecoins, NFTs, and crypto treasury strategies.

PG Labs — Web3 Studio

Sector: Web3, Blockchain Infrastructure, Layer 2
Headquarters: Shibuya, Tokyo, Japan
Founder & CEO: Tomohiro Tagami
Philosophy: Public Goods — building systems that benefit society
Core Services: Web3 business planning, Layer 2 integration, global expansion, crypto treasury advisory
Funding: ¥300M seed round (Dec 2025) + grants from Ethereum Foundation, Optimism, Polygon, Scroll, Taiko, Linea, Alchemy, Gitcoin

Key Activities

Web3 Business Support: End‑to‑end planning and development using Ethereum + Layer 2
Global Expansion: Marketing and scaling strategies with Layer 2 partners
Financial Strategy: Advisory for digital asset treasury management
Pheasant Network: Development of a Layer 2 interoperability protocol supporting 30+ networks
AI Integration: “AIntent” — AI‑enhanced intent processing for cross‑chain transactions

Pheasant Network — Layer 2 Interoperability

Pheasant Network is PG Labs’ flagship interoperability protocol, designed to connect Ethereum with 30+ Layer 2 ecosystems.

Transactions Processed: ¥30B+ across multiple blockchains
Mechanism: Optimistic compatibility — fastest and cheapest theoretical cross‑chain protocol
Standards: Supports ERC‑7683 and AI‑driven “AIntent” for improved intent handling
Goal: Build a sustainable, public‑good infrastructure for Web3 interoperability

Summary

PG Labs is a Web3 studio committed to building public‑good infrastructure for Ethereum and Layer 2 ecosystems. With ¥300M seed funding and grants from major blockchain foundations, PG Labs is expanding its advisory services while developing Pheasant Network, a cross‑chain protocol that has already processed over ¥30B in transactions. Its mission is to onboard businesses into Web3 and strengthen the global Layer 2 ecosystem.

Quick Summary

– PG Labs raised ¥300M seed funding.
– Building Pheasant Network for Ethereum + 30 Layer 2s.

Questions & Answers

Q: What is PG Labs?
A: A Web3 studio in Tokyo focused on public goods, Ethereum, and Layer 2.

Q: How much funding has PG Labs raised?
A: ¥300M (~$2M USD) in seed financing, plus grants from Ethereum Foundation and Layer 2 projects.

Q: What is Pheasant Network?
A: A Layer 2 interoperability protocol supporting 30+ networks, with AI‑enhanced intent processing.

Q: What services does PG Labs provide?
A: Web3 business planning, global expansion, crypto treasury advisory, and Layer 2 integration.

Q: Why is PG Labs important?
A: It builds public‑good infrastructure to onboard businesses into Web3 and strengthen Ethereum’s ecosystem.

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