Decentralized futures exchange MNX completes $6.4 million pre secure financing

According to The Block, the decentralized futures exchange MNX has completed a $6.4 million pre financing with a valuation of $40 million, led by Village Global and participated by Cambrian, North Island Ventures, and others. MNX is built on the Ethereum second layer network MegaETH and plans to launch on the main network this summer. It provides valuation futures, equity perpetual contracts, computing perpetual contracts, and prediction markets around the AI economy, covering AI laboratory valuations, computing power and electricity prices, copper prices, and related public and private equity assets.