Dragonfly led the investment, and V God participated in the investment! New public chain MegaETH receives US$20 million in financing

MegaETH announced that it has received US$20 million in seed round financing

1. Improving blockchain scalability

MegaETH, a new public chain project focused on solving blockchain scalability challenges, was recently announced Successfully obtained US$20 million in seed round financing.

2. Investor lineup

This round of financing was led by Dragonfly, with a valuation of at least US$100 million. Angel investors include Ethereum co-founder Vitalik Buterin.

3. Team background

MegaETH was developed by Mega Labs. Co-founder and Chief Commercial Officer Kong Shuyao served as Consensys consultant and former global business development director.

4. MegaETH Technology

MegaETH combines the security of Ethereum, Optimism’s fraud-proof system and its own optimized sequencer to enable instant transaction processing.

5. Key technologies

MegaETH adopts the following key technologies:

• Heterogeneous blockchain architecture
• "Super-optimized" EVM execution environment

6. Performance targets

MegaETH is committed to becoming the first A "real-time blockchain" that is fully compatible with Ethereum, with a target TPS of 100,000 transactions.

7. Timetable

MegaETH public testnet will be launched in early autumn, and the mainnet is expected to be launched by the end of the year.

8. Developer Program

MegaETH launches the Mega Mafia Developer Program, welcoming global developers to participate in building decentralized real-time applications.

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