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Megalio, the non-fungible token community fostering the incubation of the upcoming MegaETH blockchain network, has announced plans to launch a non-fungible token collection before the end of this week. MegaETH is a real-time blockchain network under development that is anticipated to stream transactions at 100,000 transactions per second with millisecond latency once fully launched.
Megalio NFT Mint Is Happening On June 28
In a June 24 blog post, the Megalio team confirmed plans to launch a non-fungible token collection on the Ethereum blockchain network, known for hosting the majority of blue-chip non-fungible token collections. This highly anticipated NFT collection will launch on June 28, 2025. Those who will participate in the coming NFT mint will automatically receive a WL for the MegaETH mainnet launch.
By description, MegaETH is a highly anticipated Ethereum Layer 2 blockchain network from the digital asset incubation studio, MegaETH Labs, designed to enhance the robust scalability and performance of its parent Ethereum mainnet by enabling real-time transaction processing. This L2 chain is still under development and is slated to process over 100K crypto and non-fungible token transactions per second once fully launched.
The MegaETH Labs team began developing the MegaETH L2 blockchain network in June 2024. At the time, the incubation studio raised $20 million in a seed funding round. The funding round, led by the venture capital firm Dragonfly Capital, brought MegaETH’s fully diluted token valuation to over $100 million. This blockchain project is backed by notable industry figures such as Ethereum’s Vitalik Buterin, Cobie, a prominent crypto investor, and Joseph Lubin, the founder of ConsenSys.
The highly anticipated blockchain network aims to turn cutting-edge ideas into everyday reality with fully on-chain, interactive, and sophisticated applications. It aims to improve scalability, transaction speed, and reduce costs by leveraging Ethereum’s security and decentralization while offering higher throughput and faster block times. This highly anticipated blockchain network is currently in the public Testnet phase.
Megalio NFT Collection Explained
Magalio is a non-fungible token collection featuring a limited edition of 4,444 NFTs hosted on the Ethereum network, representing the soul of the Mega Civilization. Mega Civilization is a crypto and NFT community created for every user who’ll touch a MegaETH app, vibe with its culture, and align with its ideology. Megalio appears to be affiliated with Milady NFT Maker Remilia Corp and will feature NFTs derived from the Milady Maker NFT project. The NFT collection is the first milady derivative NFT built specifically for MegaETH.
The Magalio NFT collection will launch on the Kingdomly NFT marketplace. By light description, Kingdomly is a platform that enables users to create and manage NFT collections with ease. It provides tools for launching generative or unique NFTs without requiring technical skills. The platform handles the entire NFT creation process, including smart contracts and metadata, and offers features like customizable mint pages, private sales, and token-gated applications. Kingdomly aims to simplify NFT creation, allowing creators to focus on their art and community engagement.
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