MegaETH developer MegaLabs completes $20 million seed round, Dragonfly leads the investment

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 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)