The cross-chain exchange protocol GASP (formerly MANGATA FINANCE) has announced the completion of a $5 million private funding round, with a valuation of $80 million. This round of financing was participated by POLYCHAIN CAPITAL, CMS HOLDINGS, MASTER VENTURES, TOKEN METRICS, and CLUSTER CAPITAL, among others. GASP plans to launch a testnet in the coming weeks and intends to enter the mainnet and activate its token upon successful completion. They also plan to introduce a new token called GASP and airdrop it to some MGX token holders.

EIGEN

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<p>Shenzhen-based TechFlow has announced that Gasp, a cross-chain exchange protocol based on EigenLayer (formerly known as Mangata Finance), has completed a $5 million private funding round at a valuation of $80 million. Participating investors include Polychain Capital, CMS Holdings, Master Ventures, Token Metrics, and Cluster Capital.</p>
<p>Gasp plans to launch its testnet in the coming weeks and aims to go live on the mainnet and activate its token upon successful testing. They also plan to introduce a new token called GASP and airdrop it to some MGX token holders.</p>
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GASP has completed a private financing of 5 million USD, reaching a valuation of 80 million USD.