The MegaETH Foundation has rebranded to MEGA and will deploy $30 million from its existing treasury to develop new products outside the network. Co-founder Shuyao Kong announced that the largest initiative will be an AI inference marketplace launching in December, designed to make inference services from different providers more interchangeable. The platform targets developers, with all new products running on MegaETH.
Kong stated that the team will incorporate the MEGA token into the inference marketplace as much as possible but did not specify exact use cases. According to DefiLlama data, MegaETH's total value locked currently stands at approximately $12 million, a significant decline from its peak of over $245 million.
MegaETH Foundation Rebrands to MEGA, Pledges $30M for New Products Including AI Inference Marketplace
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