MegaETH Labs Raises $20 Million Seed Round Led by Dragonfly Capital, Backed by Vitalik Buterin

MegaETH Labs has raised $20 million in a seed round, with backing from notable figures such as Vitalik Buterin, Cobie, and Joseph Lubin.

The funding round, led by Dragonfly Capital, brings MegaETH's fully diluted token valuation to at least $100 million.

MegaETH is a real-time blockchain capable of streaming transactions at 100,000 transactions per second with millisecond latency. The project aims to turn cutting-edge ideas into everyday reality with fully on-chain, interactive, and sophisticated applications.

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