MEGA cuts about 20% of staff days after committing $30M to AI products
TECHMegaETHcoinbrief/daily · 1 source
- Severity
- Low
- Sources
- 1
What happened
MEGA, formerly MegaETH Foundation, reduced its headcount by about 20% on November 13, three days after allocating $30 million from its existing treasury to new products. The cuts affected staff who worked on its Ethereum layer-2 blockchain, wallet and ecosystem, and the company says they followed several months of restructuring. Its largest planned launch is an AI inference marketplace due in December, built on the MegaETH chain.
For IT people · Written by AI from 1 source · Wrong?
What to do
- Watch for the December launch of MEGA's AI inference marketplace to see whether developers and suppliers adopt it.
- If you use the MegaETH network, note the planned upgrades for quicker transaction finality.
Written by AI from the sources, checked against them
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Who reported · 1 outlet
Cryptopolitan
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