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

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