Golden Finance reported that 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, Joseph Lubin, founder and CEO of ConsenSys, Sreeram Kannan, founder and CEO of EigenLayer, Kartik Talwar, co-founder of ETHGlobal, Mert Mumtaz, co-founder and CEO of Helius Labs, Santiago Santos, Hasu and Jordan Fish (also known as Cobie). It is reported that MegaETH's public testnet will be launched in early autumn, and the mainnet is expected to be launched at the end of the year.