MegaETH Announces $30 Million Investment in New Products, First AI Inference Marketplace Set to Launch in December

On November 10 that, according to The Block, the foundation behind MegaETH has been renamed MEGA, and has pledged to allocate $30 million from its existing treasury to develop new products, with its first AI inference market slated to launch in December.

MEGA stated that all new products will run on MegaETH, and planned network upgrades such as fast finality will also support AI inference products. Co-founder Shuyao Kong noted that the inference market targets developers, with specific vendors and models to be announced at launch.

MEGA's mandate also includes expanding the utility of the MEGA token, with Kong stating that the team will integrate the token into applicable scenarios.