MEGA cuts 20% of staff, plans AI inference marketplace for December

Cointime update: MEGA, the new name adopted by the MegaETH Foundation on November 10, has cut 20% of its workforce across blockchain, wallet, ecosystem support and communications teams, co-founder Shuyao Kong said. Founders, early employees and core engineering staff remain. The company is committing $30 million from its existing treasury to product development, starting with an AI inference marketplace launching in December, built on the Purified Intelligence design and running on MegaETH.