MegaETH Completes $20 Million Seed Round

Financing Details: MegaETH's developer MegaLabs successfully completed a $20 million seed round. Dragonfly, as the lead investor, participated in the financing with a number of other investment institutions and well-known individual investors. These investors include Figment Capital, Robot Ventures, Big Brain Holdings, as well 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), etc. Valuation and Tokens: After completing this financing, MegaETH's fully diluted token valuation reached $100 million. Project Outlook: 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. This progress shows that the MegaETH project is progressing steadily and has received widespread attention and recognition from the market.

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