Based on Cryptoticker, ETHGas has raised $12 million in a seed funding round led by Polychain Capital, with $800 million in liquidity commitments from Ethereum validators and block builders. The project is launching Ethereum’s first blockspace futures market, aiming to make blockspace a predictable and tradable commodity. The funding was structured as a token round using a Simple Agreement for Future Tokens, and the platform allows validators to sell blockspace in advance, offering buyers tools to hedge gas costs and avoid sudden fee spikes.
ETHGas Raises $12M to Launch Ethereum's First Blockspace Futures Market
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Summary
ETHGas has raised $12 million in a token launch round led by Polychain Capital, with $800 million in liquidity from Ethereum validators and block builders. The project is building Ethereum’s first blockspace futures market, enabling validators to sell blockspace in advance. Users can hedge gas costs and avoid fee spikes. The token launch uses a Simple Agreement for Future Tokens. The platform aims to turn blockspace into a predictable, tradable asset, potentially boosting its market cap.
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