Cross-chain exchange protocol Gasp completes US$5 million in financing at a valuation of US$80 million

Gasp (formerly Mangata Finance), a cross-chain exchange protocol based on EigenLayer, announced the completion of US$5 million in private financing at a valuation of US$80 million, with participation from Polychain Capital, CMS Holdings, Master Ventures, Token Metrics and Cluster Capital. Gasp plans to launch a testnet in the coming weeks and plans to enter the mainnet and launch the token upon success. They also plan to launch a new token called GASP and airdrop it to some MGX token holders.