Decentralized futures exchange MNX has raised $6.4 million in a pre-seed funding round, valuing the company at $40 million. The funding was led by Village Global, with contributions from Cambrian, North Island Ventures, and others. MNX, built on the Ethereum Layer 2 network MegaETH, plans to launch its mainnet this summer, offering a range of futures and prediction markets related to the AI economy. The platform will feature valuation futures, equity perpetual contracts, and prediction markets covering AI lab valuations, computing power, electricity prices, and copper prices. MNX aims to reduce MEV and latency with a 200-millisecond batch auction mechanism and will introduce liquidity through a Hyperliquidity Provider-style vault. The platform targets technology professionals and crypto traders interested in AI exposure.
MNX Secures $6.4 Million in Pre-Seed Funding Led by Village Global
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