MegaETH Cuts 20% of Workforce as It Shifts Focus Toward AI Marketplace

MEGA, the organization behind Ethereum Layer 2 network MegaETH, has reduced its workforce by 20% as it prepares to expand beyond blockchain infrastructure and develop artificial intelligence products. Co-founder Shuyao Kong announced the restructuring on November 13, confirming that employees involved in the blockchain, wallet, and ecosystem teams were affected. The company did not disclose […]
Key Takeaways
- MEGA, the organization behind Ethereum Layer 2 network MegaETH, has reduced its workforce by 20% as it prepares to expand beyond blockchain infrastructure and develop artificial intelligence products.
- Co-founder Shuyao Kong announced the restructuring on November 13, confirming that employees involved in the blockchain, wallet, and ecosystem teams were affected.
- The company did not disclose […]
Summary generated by IndiCrypto from Bitcoinist. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Web3

Bitcoin drops below $64,000 as bullish bets get wiped out over the weekend
CoinGecko showed BTC near $65,500 on the afternoon of Nov. 14, while Newhedge recorded long-liquidation events below $66,000. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox

Elon Musk Backs Jensen Huang’s Nvidia Return as 120K Sign Petition
Over 120,000 names appeared on a petition backed by Elon Musk seeking Jensen Huang’s return as Nvidia CEO. The tally included more than 6,000 self-identified current employees, while Musk warned that Huang’s departure would cost Nvidia critical supply-chain…

Peter Schiff argues Bitcoin may fall below $16,500 by year-end if $50,000 breaks next
His Nov. 14 call extends earlier $20,000 warnings while Bitcoin and Ethereum traded above the conditions he identified. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox