MegaETH Community Drops An NFT To Celebrate MegaETH Testnet

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The Alien Rabbits, the crypto and non-fungible token community fostering the incubation of the MegaETH blockchain network, has launched a non-fungible token collection to celebrate the MegaETH testnet. MegaETH is a real-time blockchain network under development that is designed to stream transactions at 100,000 transactions per second with millisecond latency.

Celebrate the upcoming Alien Rabbits PFP collection! 👽🐇

Get your hands on this special Rarible Limited Edition Alien Rabbit to kick off the excitement! @AlienRabbitsNft is an upcoming community-driven PFP project built on MegaETH, blending high-quality art with deep community… pic.twitter.com/UcG9NML9Yb

— Rarible (@rarible) April 25, 2025

MegaETH L2 Network Explained

MegaETH is a highly anticipated Layer 2 blockchain network still under development, designed to enhance the scalability and performance of Ethereum by enabling real-time transaction processing. MegaETH Labs, a renowned digital assets incubation studio, is the MegaETH Layer Two network developer. Once launched, this blockchain network will process over 100,000 crypto transactions per second.

MegaETH Labs began developing its MegaETH Layer Two blockchain network in June 2024. At the time, the company raised $20 million in a seed funding round. The funding round, led by Dragonfly Capital, brings MegaETH’s fully diluted token valuation to at least $100 million. This blockchain project is backed by notable industry figures such as Ethereum’s Vitalik Buterin, Cobie, a prominent crypto investor, analyst, and commentator known for his deep market insights and outspoken opinions, and Joseph Lubin, the founder of ConsenSys.

The blockchain project 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.

The Alien Rabbits NFT Collection

The MegaETH community has launched a non-fungible token series to celebrate the MegaETH testnet. The NFT collection dubbed Alien Rabbits features a limited edition of 3,333 PFP NFTs hosted on the MegaETH. Each rabbit is a high-quality, unique space explorer, a symbol of early community, cosmic vibes, and the journey ahead. At the time of writing, all the NFT collections have been minted on the Rarible NFT marketplace.

SOLD OUT at rabbit speed 🐰💨

Shoutout to @0x_forexus & @AlienRabbitsNft

Check the secondary at https://t.co/HbZEiqOKkz 👀 pic.twitter.com/Cv194cRWi4

— Rarible (@rarible) April 25, 2025