The MegaETH Foundation has rebranded to MEGA and announced a $30 million investment to develop its own products. This funding exceeds the project's previous $20 million seed round, which was led by Dragonfly with participation from Vitalik Buterin.
The primary initiative is an AI inference market scheduled for launch in December 2026. This platform aims to connect compute suppliers with users requiring AI model processing. The product is designed to leverage the MegaETH network, which claims a capacity of over 100,000 transactions per second.
MEGA is also financing four major network upgrades to achieve full decentralization by the end of the first quarter of 2027. The ecosystem's economic model centers on the MEGA token, incorporating mechanisms for buybacks funded by revenue generated from the platform.
The MegaETH mainnet went live on February 9, 2026, followed by the launch of the MEGA token on April 30, 2026. Following these events, the project experienced a decline in total value locked and a decrease in the price of its native token.
