ETHGas has successfully raised $12 million in a token launch round spearheaded by Polychain Capital. The funding will support the development of Ethereum's first blockspace futures market, which allows validators to sell blockspace in advance. This initiative aims to help users hedge against gas cost fluctuations and avoid fee spikes. The project has attracted $800 million in liquidity from Ethereum validators and block builders. By transforming blockspace into a predictable, tradable asset, ETHGas seeks to enhance its market cap. The token launch is structured through a Simple Agreement for Future Tokens, facilitating the platform's growth and innovation in the Ethereum ecosystem.