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MEGA cuts 20% of staff in restructuring after $30m pledge

NewsFeeds update

MegaETH, now renamed MEGA, has cut 20% of its workforce in a restructuring, co-founder Shuyao Kong said, affecting staff who built the blockchain, wallet and ecosystem. The foundation pledged $30m for new products including AI inference this week.

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Read the original on ChainCatcher

The story so far: MEGA restructuring and $30m pledge

The MegaETH foundation was renamed MEGA and pledged $30m from its treasury to new products, starting with an AI inference marketplace due in December. MEGA has now cut 20% of its workforce in a restructuring, affecting staff who built the blockchain, wallet and ecosystem.

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  1. MegaETH foundation renamed MEGA and pledges $30m for new products

  2. MEGA cuts 20% of staff in restructuring after $30m pledge

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