MegaETH Raises $20M In Seed Funding Round Backed By Buterin

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Backed by Dragonfly, Vitalik Buterin, Joseph Lubin, and others, MegaLabs has raised a handsome $20 million in funding. This figure puts the team’s fully diluted token valuation at over US $100 million. MegaETH aims to achieve 100,000 transactions per second, positioning itself as the first real-time blockchain with full Ethereum compatibility. Buterin is naturally invested in the blockchain’s future and knowledgeable about the projects built atop it. When prompted on his interest in the MegaETH project, he was clear in his approval.