MEGA cuts about 20% of staff days after committing $30M to AI products
TECHMEGAcoinbrief/daily · 1 source
- Severity
- Low
- Sources
- 1
What happened
MEGA, the company formerly known as MegaETH Foundation, cut around 20% of its staff just three days after setting aside $30 million for new products. The layoffs hit people who worked on its Ethereum blockchain, wallet and wider ecosystem. The company plans to launch an AI marketplace in December.
Like I’m new · 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
Full story timeline · 1 update
Who reported · 1 outlet
Cryptopolitan
Who and what is in it
Products