📰 MEGA cuts 20% of staff amid shift to AI products
On November 13, 2026, MEGA co-founder Shuyao Kong announced a 20% staff reduction following a reorganization. The changes affected employees working on the MegaETH network, the wallet, and ecosystem development. The founders and key engineering team are continuing their work.
Earlier, the MegaETH Foundation changed its name to MEGA and announced that it would allocate $30 million from its existing reserves to develop new products. Plans include a marketplace for AI model execution services; its launch has only been planned, not yet completed.
The staff cuts and change in strategy do not mean that the MegaETH blockchain is shutting down. The company has not disclosed the exact number of employees laid off.
Sources: The Block, Crypto.news, November 13, 2026.
#MegaETH #CryptoAI
On November 13, 2026, MEGA co-founder Shuyao Kong announced a 20% staff reduction following a reorganization. The changes affected employees working on the MegaETH network, the wallet, and ecosystem development. The founders and key engineering team are continuing their work.
Earlier, the MegaETH Foundation changed its name to MEGA and announced that it would allocate $30 million from its existing reserves to develop new products. Plans include a marketplace for AI model execution services; its launch has only been planned, not yet completed.
The staff cuts and change in strategy do not mean that the MegaETH blockchain is shutting down. The company has not disclosed the exact number of employees laid off.
Sources: The Block, Crypto.news, November 13, 2026.
#MegaETH #CryptoAI