MegaETH developer MegaLabs completes $10 million financing through the Echo platform

ChainCatcher news, according to The Block, MegaETH developer MegaLabs has completed a $10 million financing through the Echo platform. MegaLabs co-founder Shuyao Kong stated that the structure of this round of financing is equity plus token warrants, similar to MegaLabs' $20 million seed round financing in June. In addition, the valuations for both rounds of financing are "hundreds of millions of dollars."