Moonveil Completes $2 Million Funding, Polygon Labs Leads Investment

Layer2 gaming ecosystem Moonveil announced the completion of a $2 million financing round, led by Polygon Labs. It is reported that $1 million of the financing amount is intended to promote the development of AggLayer integration projects within the Moonveil ecosystem. In addition, Moonveil announced that it will conduct node sales soon, with the whitelist round to be conducted on October 22 and the public round to be launched on October 24. Node activation is scheduled for the first quarter of 2025, of which 25% of the tokens will be unlocked after the token generation event (TGE) and 70% of the tokens will be vested within three years. The remaining 5% will be allocated to community rewards after the TGE. (Finbold)