MegaETH Labs, the developer behind the Ethereum scaling protocol MegaETH, has raised $20 million in a seed funding round led by Dragonfly Capital. The round saw participation from notable figures such as Vitalik Buterin, Joseph Lubin, and Cobie. MegaETH is described as the first real-time blockchain, capable of streaming transactions at 100,000 TPS with millisecond latency. The funding round brought MegaETH's fully diluted token valuation to a nine-figure amount, indicating a valuation of at least $100 million. The project, developed by MegaLabs, is fully compatible with Ethereum and aims to turn cutting-edge ideas into everyday reality with fully on-chain, interactive, and sophisticated applications. It also features innovative approaches to in-memory computing.
MegaETH labs raised $20M in a seed funding round led by #Dragonfly Fundraising participants included #BigBrainHoldings, #RobotVentures, #FigmentCapital, #Ethereum co-founder Vitalik Buterin and #ConsenSys founder Joseph Lubin. #Crypto #BTC #ETH https://t.co/FoOi2Kg0gq
⚡️ @megaeth_labs has raised $20 million in a seed round led by @dragonfly_xyz, with participation from @FigmentCapital, @FoliusVentures, @robotventures, etc. Angel investors include @VitalikButerin, @ethereumJoseph, @sreeramkannan, @cobie, @hasufl and others. 💧… https://t.co/JPYzCErZyJ
VITALIK BUTERIN BACKS MEGAETH IN $20M SEED ROUND WITH 9-FIGURE VALUATION - Backed by Dragonfly, Vitalik Buterin, Joseph Lubin, and others, MegaLabs raises $20 million. - The seed round brought MegaETH’s fully diluted token valuation to at least $100 million. - MegaETH aims to… https://t.co/cN0QKtcz2p
congrats megamafia and @hotpot_dao on the raise im really bullish and (emotionally) invested in megaeth — i love the vision and the team behind it and the approach they’re going with — having fun and getting more consumer focused apps spent a smol amount of time with ‘em… https://t.co/xcCOjPcCGn
[THE BLOCK] Vitalik Buterin backs new blockchain #MegaETH as it raises $20 million at '9-figure' token valuation
It's ETH, but fast. It's ETH, but Real-Time. It's ETH, but Streaming. It's ETH, but Mega 🐇 Huge congrats to the whole @megaeth_labs team! https://t.co/iCQ32aVR77
We are proud to participate in the most recent funding round for @megaeth_labs, supporting their development of an ultra-high-performant L2 on Ethereum. What makes MegaETH so unique is their innovative approaches to in-memory computing, state synchronization, and a unique… https://t.co/WRIcNWwzy6
MegaLabs, the developer behind the Ethereum scaling protocol MegaETH that it claims is a "real-time blockchain", raised $20M in seed funding led by Dragonfly (@cryptauxmargaux / CoinDesk) https://t.co/u0Rj0R6atx 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/0LuPExE3fr
[DECRYPT] #MegaLabs Raises $20M Seed Round, Builds First Real-Time Blockchain With Full #Ethereum Compatibility
NEW: MegaETH, a "real-time blockchain," raises $20 million seed led by Dragonfly Capital with notable angels like Vitalik Buterin, Cobie, and Joseph Lubin. https://t.co/XSpc7Jz3hQ
Excited to support @megaeth_labs. One of the strongest teams I’ve come across. I like opinionated founders with unique insights. These guys are cooking pushing the limits of performance of the EVM Plus I had the opportunity to spend time with the first cohort of teams building… https://t.co/fBUevohZpv
Congrats to the @megaeth_labs team on the raise! Been learning about the project over the last few months and talking to the team, they have some of the best takes and are building towards true scalability without compromises https://t.co/eMIkb9xLQZ
There's never been a better time to build consumer apps on Ethereum. @megaeth_labs is the next s̶t̶e̶p̶ giant leap in this direction, unique in both its opinionated approach and its relentless focus on builders (cc @0xMegaMafia). The first Real-Time Blockchain is here. Grateful… https://t.co/ssT0J8zyE3
OH: “MegaETH = Mellanox with swag” But as a former low level bit twiddler, I have a ton of respect for what @hotpot_dao, @yangl1996, @yilongl_megaeth, and @NamikMuduroglu are working on and excited to see them take off 🚀 https://t.co/MInQMn6T8c
JUST IN: VITALIK BUTERIN INVESTS IN @MEGAETH_LABS AS IT ANNOUNCES $20M SEED INVESTMENT ROUND
.@VitalikButerin backs new blockchain @megaeth_labs as it raises $20 million in seed round the round brought MegaETH's fully diluted token valuation to a "9-figure" amount, @hotpot_dao said, meaning at least $100 million https://t.co/5FtuvOFS64
Proud to announce MegaETH's $20M Seed Round MegaETH is the first Real-Time Blockchain, streaming transactions at 100,000 TPS with millisecond latency Our mission is to turn cutting-edge ideas into everyday reality with fully onchain, interactive & sophisticated apps ✨Story… https://t.co/aaWaNSqxNx
Real-time blockchain @megaeth_labs has raised $20 million in a seed round, @cryptauxmargaux reports https://t.co/Yn8jyQzTuK