**Vitalik Buterin Backs New Blockchain MegaETH, Raises $20 Million in 9-Figure Token Valuation**
In a groundbreaking development for the cryptocurrency world, Ethereum co-founder Vitalik Buterin has thrown his support behind a new blockchain project known as MegaETH. This endorsement has not gone unnoticed, as MegaETH has already successfully raised a staggering $20 million in funding.
The funding round was marked by a 9-figure token valuation, an impressive feat that underscores the confidence investors have in the project’s potential. MegaETH promises to bring innovative changes to the existing blockchain infrastructure, aiming to enhance scalability, security, and decentralization.
With Buterin’s support and a substantial funding boost, MegaETH is well-positioned to make significant strides in the crypto space. Keep an eye on this project as it develops—it could be the next big thing in blockchain technology.