According to co-founder Shuyao Kong, MEGA, the organization behind Ethereum Layer 2 network MegaETH, cut 20% of its workforce on November 13, while committing $30 million toward artificial intelligence business development. The restructuring affected staff across blockchain development, wallet operations, ecosystem support and communications, though founders, early employees and core engineering remained. MEGA plans to launch an AI inference marketplace in December 2026, with the funding drawn from its existing treasury to build products on the MegaETH blockchain.

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