Gasp completed private placement financing of US$5 million, with participation from Polychain Capital and others

Gasp (formerly Mangata Finance), a cross-chain exchange protocol based on EigenLayer, announced the completion of US$5 million in private financing, with participation from Polychain Capital, CMS Holdings, Master Ventures, Token Metrics and Cluster Capital. The funding round brings Gasp’s fully liquid token valuation to $80 million, sources said. Gasp plans to launch its testnet as EigenLayer AVS in the coming weeks, with plans to move forward with the mainnet and token launch later. They also plan to launch a new token GASP and airdrop it to some MGX token holders. (The Block)