MNX, a MegaETH-based platform, has raised $6.4 million in pre-seed funding, led by Village Global.

PANews reported on June 10th that decentralized futures exchange MNX has completed a $6.4 million pre-seed funding round, valuing the company at $40 million. The round was led by Village Global, with participation from Cambrian, North Island Ventures, and others. Built on the Ethereum Layer 2 network MegaETH, MNX plans to launch its mainnet this summer. It offers valuation futures, equity perpetual contracts, computing power perpetual contracts, and prediction markets related to the AI ​​economy, covering assets such as AI lab valuations, computing power and electricity prices, copper prices, and related public and private equity. The platform employs a 200-millisecond batch auction mechanism to reduce MEV and latency, and will introduce liquidity through a team-managed Hyperliquidity Provider-style liquidity vault. Its target users include technology professionals and crypto traders seeking AI exposure.

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