MegaETH developer MegaLabs raises $10 million via Echo platform

BlockBeats news, on December 14, The Block reported that MegaETH developer MegaLabs completed $10 million in financing through the Echo platform.

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. In addition, the valuation of both rounds of financing is "hundreds of millions of dollars."