MegaETH Foundation rebrands as MEGA, pledges $30 million to develop new products

The foundation behind MegaETH has officially rebranded as MEGA and will allocate $30 million from its existing treasury toward new product development. Its first product—the AI inference marketplace—is scheduled to launch in December. All newly developed products will be deployed on the MegaETH network, and several network upgrades—including faster finality—will be specifically optimized to support AI inference applications. Co-founder Shuyao Kong noted that the inference marketplace is primarily targeted at developers, with partner providers and integrated models to be announced on launch day. Additionally, expanding the utility of the MEGA token is a core responsibility of the foundation; Kong confirmed that the team is actively evaluating and advancing real-world use cases for the token across multiple viable scenarios.