MegaETH Foundation Renamed to MEGA, Commits $30 Million to Develop New Products

The foundation behind the Ethereum Layer 2 network MegaETH has been renamed to MEGA and has committed to allocating $30 million from its existing treasury to develop new products, with the first AI inference marketplace set to launch in December. All new products will run on MegaETH, and the planned network upgrade will support AI inference products. Co-founder Shuyao Kong stated that the inference marketplace targets developers as its customer base, with specific suppliers and models to be announced at launch. MEGA will also expand the use cases of the MEGA token, with Kong indicating that the team will utilize the token in possible scenarios.

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