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MegaLabs (MegaETH) raised $20M in a Seed funding round
June 27, 2024
Ethereum-compatible Layer 1 MegaLabs (MegaETH) raised $20M in a Seed funding round led by Dragonfly Capital, with participation from Figment Capital, Robot Ventures, Big Brain Holdings, Folius Ventures, Credibly Neutral, Meltem Demirors, Vitalik Buterin, Hasu, Santiago R. Santos, Sreeram Kannan, Cobie, Kartik Talwar.
MegaLabs is the developer of MegaETH, a blockchain aiming for 100,000 transactions per second (TPS) with full Ethereum compatibility. MegaETH achieves real-time processing and high transaction throughput using a heterogeneous blockchain architecture and a hyper-optimized EVM execution environment. This architecture allows for specialization of network nodes and minimizes hardware requirements for full nodes, ensuring a fast, secure, and efficient blockchain.
You can find all funding rounds, links, and details on the project page MegaLabs (MegaETH)