MEGA Completes Restructuring That Reduced Its Team by 20%

MegaETH co-founder Shuyao Kong said MEGA has completed a restructuring that reduced its team by 20% over the past few months as it moves in a new direction.

Kong said employees who departed had worked on public blockchain development, wallets and ecosystem support. The founders, early employees and core engineering team will remain with MEGA.

The restructuring comes as the organization shifts from the MegaETH Foundation to MEGA and develops products backed by a $30 million treasury commitment. The funds are intended to support multiple products built on MegaETH.

MEGA’s product plan names an AI inference marketplace as its first planned product. The marketplace is scheduled to launch in December.

Kong said the team believes cryptography and distributed systems will change how people produce and access intelligence.