MegaETH developer MegaLabs announced the completion of a $20 million seed round of financing, led by Dragonfly, Figment Capital, Robot Ventures, Big Brain Holdings, as well as Vitalik Buterin, ConsenSys founder and CEO Joseph Lubin, EigenLayer founder and CEO Sreeram Kannan, ETHGlobal co-founder Kartik Talwar, Helius Labs co-founder and CEO Mert Mumtaz, Santiago Santos, Hasu and Jordan Fish (aka Cobie) and other angel investors. It is reported that MegaETH's public testnet will be launched in early autumn, and the mainnet is expected to be launched by the end of the year.