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MegaETH Lays Off 20% of Staff This Week, Commits $30M to New AI Products

According to ChainCatcher, Ethereum Layer 2 project MegaETH has cut 20% of its workforce this week as part of a restructuring effort. The foundation, which recently rebranded to MEGA, committed $30 million toward new products including AI inference. Co-founder Shuyao Kong confirmed the layoffs on
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MEGA-1.61%
ETH-3.27%