According to The Block, the decentralized futures exchange MNX has completed a $6.4 million pre-seed round at a $40 million valuation, led by Village Global, with participation from Cambrian, North Island Ventures, and others. MNX is built on the Ethereum Layer 2 network MegaETH and plans to launch on mainnet this summer, offering futures on AI economy valuations, equity perpetuals, compute power perpetuals, and prediction markets covering assets such as AI lab valuations, compute and electricity prices, copper prices, and related public and private equity.
Decentralized Futures Exchange MNX Completes $6.4M Pre-Seed Round at $40M Valuation
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Summary
The decentralized futures exchange MNX has raised $6.4 million in a pre-seed round at a $40 million valuation, according to crypto exchange news. Village Global led the round, with Cambrian and North Island Ventures also participating. Built on the Ethereum Layer 2 network MegaETH, MNX plans a summer mainnet launch. The platform will offer futures on AI lab valuations, computing power, electricity, copper, and equity assets. No exchange hack has been reported.
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