AI-focused futures exchange MNX raises $6.4M in pre-seed funding

MNX, an AI-focused decentralized futures exchange built on the Ethereum Layer 2 solution MegaETH, has raised $6.4 million in a pre-seed funding round, The Block reported. The round was led by Village Global, with participation from Cambrian, North Island Ventures, and Finality Capital. The company was valued at $40 million at the time of the investment. MNX plans to offer futures on AI company valuations, perpetual futures on AI-related stocks and computing power, and prediction markets.