EigenLayer AVS Gasp Raises Funds at $80 Million Token Valuation

Mangata Finance, a cross-chain swap protocol, has rebranded as Gasp and announced a new $5 million private funding round in anticipation of its testnet launch as an EigenLayer Actively Validated Service, or AVS. Several investors, including Polychain Capital, CMS Holdings, Master Ventures, Token Metrics and Cluster Capital, backed the round, Gasp said on Wednesday. The round had no lead investor, but Cluster Capital contributed the largest share at 30%, Gasp founder and CEO Peter Kris told The Block.

Read the full story at The Block.