PANews reported on December 14 that MegaETH developer MegaLabs completed a $10 million financing through the Echo platform, according to The Block. MegaLabs co-founder Shuyao Kong said that the structure of this round of financing is equity plus token warrants, which is the same as MegaLabs' $20 million seed round in June, and the valuation of both rounds of financing is "9 figures." Kong said that although the over-the-counter (OTC) market's valuation of MegaLabs is "significantly higher," the valuation of the Echo round of financing remains unchanged to prioritize decentralization and community participation.
Earlier news , MegaETH's developer MegaLabs completed a $20 million seed round of financing, led by Dragonfly and participated by Vitalik and others.
