Wu Says reports that MegaETH co-founder Shuyao Kong said the two-year MegaMafia program will be discontinued and will no longer roll out a 3.0 version. The program supported 20 teams across two phases, helping them complete more than $80 million in financing, and allocated several million dollars for market making, direct lending, audits, and other liquidity needs. However, at the time, MegaETH intentionally chose not to obtain equity, governance rights, or other economic interests. The related investments ultimately brought almost no value back to Mega, and most applications are no longer jointly developed with MegaETH. Going forward, MegaETH will continue to support existing MegaMafia projects and will shift its focus to OMEGA applications that can only be realized by relying on MegaETH and that use its wallet infrastructure and stablecoins, as well as consumer-grade applications directly developed by the teams, to shorten feedback cycles and ensure that value accrues more directly to the protocol.

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