TechFlow reports that Gasp, a cross-chain swap protocol built on EigenLayer formerly known as Mangata Finance, has raised $5 million in a private funding round at an $80 million valuation. Investors include Polychain Capital, CMS Holdings, Master Ventures, Token Metrics, and Cluster Capital.
Gasp plans to launch its testnet in the coming weeks, followed by mainnet deployment and token launch upon successful testing. The team also intends to introduce a new token named GASP, with a portion to be airdropped to eligible MGX token holders.
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