MegaETH cuts 20% of staff as it pursues AI business
DEFIMegaETHcoinbrief/daily · 2 sources
- Severity
- Medium
- Sources
- 2
What happened
MegaETH, a project that builds faster versions of the Ethereum network, has laid off about a fifth of its staff. It is now focusing on artificial intelligence (AI) work. The amount of money locked in apps on its network has also fallen sharply.
Like I’m new · 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