MegaETH is coming 🧵

Is NFT worth it? Don't worry, first look at the basic information👇

The ultimate aim of martial arts is to be quick rather than powerful.

Real-time trading performance:
MegaETH, known as 'Real-time Ethereum,' aims to provide millisecond block time and processing capacity of up to 100,000 TPS (transactions per second). This is a significant breakthrough for applications that require real-time responsiveness, such as Web3 games and high-frequency trading.

Solve scalability issues:
During peak hours, the Ethereum network often faces issues of slow transaction speed and high gas fees. MegaETH significantly improves transaction processing efficiency and reduces costs through its Optimistic Rollup technology and node specialization, such as separating transaction execution and consensus tasks.

Improve user experience:
By enabling real-time processing of transactions, MegaETH can provide users with a smooth Web2-like experience, which may attract more developers and users to enter the Ethereum ecosystem, promoting the popularity of blockchain applications.

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Next, let's take a look at the team:
The MegaETH team is composed of individuals with extensive experience in the blockchain and technology fields:

1/ Shuyao Kong: She was previously the Global Head of Business Development at ConsenSys and is now the Co-founder and Chief Business Officer of MegaETH. She has a deep understanding of blockchain and business development.
2/ Yilong Li: He is the co-founder and CEO of MegaETH, with a Ph.D. in Computer Science from Stanford University. He previously worked at Runtime Verification Inc., specializing in optimization and performance issues.

Financing situation:
Seed Round Financing: MegaETH's seed round financing was completed on June 27, 2024, raising $20 million and reaching a valuation of at least $100 million.
Community Financing: On December 13, 2024, MegaETH raised $10 million through community financing on the Echo platform. This round of financing maintained the same valuation level as the seed round, which is at least $100 million.
NFT Issuance: On February 4, 2025, MegaETH issued NFTs (The Fluffle) and sold 10,000 NFTs at a price of 1 ETH, promising holders at least 5% ownership of the network. Based on this information, the valuation calculation is as follows:
1 ETH * 10,000 * $2,700 / 5% ≈ $540 million or $540 million FDV.

5B FDV is indeed not cheap 🤔, but there seems to be room for a high-performance L2.
However, considering the upcoming series of blockbuster projects in the next few months, whether the market can afford this valuation is a big question mark.