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There are already more than 50 L2s available. Does the encryption market need new L2s? Let's see the trend when this bull market officially starts tomorrow.
The answer is yes. Recently, a new EVM L2 public chain called MegaETH has emerged in the encryption market and has received a seed round of financing of $20 million.
MegaETH's $20 million financing was led by encryption VC Dragonfly Capital, with Figment Capital, Folius Ventures, Robot Ventures, Big Brain Holdings, Tangent, and Credible Neutral participating. In addition, it also received investment from famous angel investors Vitalik Buterin, Consensys founder Joseph Lubin, Sreeram Kannan, Cobie, Karthik Talwar, Hasu, Santiago, and Mert.