MegaLabs to Launch Testnet for MegaETH Protocol Following $20M Investment from Dragonfly

Thursday, 27 June 2024, 16:00

MegaLabs secures $20 million in funding led by Dragonfly for the development of MegaETH protocol. The company aims to launch a testnet in the upcoming months, focusing on real-time blockchain technology.
CoinDesk
MegaLabs to Launch Testnet for MegaETH Protocol Following $20M Investment from Dragonfly

MegaLabs Funding Round Overview

MegaLabs secures $20 million in funding for MegaETH protocol.

Development Focus

The funding will be used to build out real-time blockchain technology.

Launch Timeline

The company plans to have a testnet up and running in the next few months.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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