MegaLabs, the developer of MegaETH, has completed a $20 million seed round of financing, led by Dragonfly.
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Odaily Odaily News: MegaETH developer MegaLabs announced the completion of a $20 million seed round of financing, led by Dragonfly, with participation from Figment Capital, Robot Ventures, Big Brain Holdings, and angel investors such as Vitalik Buterin, ConsenSys founder and CEO Joseph Lubin, EigenLayer founder and CEO Sreeram Kannan, ETHGlobal co-founder Kartik Talwar, Helius Labs co-founder and CEO Mert Mumtaz, Santiago Santos, Hasu and Jordan Fish (also known as Cobie). It is reported that this round of financing has brought MegaETH's fully diluted token valuation to at least $100 million. In addition, MegaETH's public testnet will be launched this fall, and the mainnet is expected to be launched at the end of the year. (TheBlock)
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