MegaETH cuts 20% of staff as it pursues AI business
DEFIMegaETHcoinbrief/daily · 2 sources
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What happened
Ethereum scaling project MegaETH has cut 20% of its staff as it pivots toward AI business. Total value locked in DeFi on MegaETH fell from over $245 million to $8.8 million, according to the report.
For IT people · Written by AI from 2 sources · Wrong?
What to do
- Check whether any of your funds sit in DeFi applications on MegaETH, given the sharp fall in locked value.
- Watch for further detail on MegaETH's AI plans and any follow-up on its staffing changes.
Written by AI from the sources, checked against them
Full story timeline · 2 updates
Who reported · 2 outlets
CointelegraphCoinDesk
Who and what is in it
Companies