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MegaETH cuts 20% staff, shifts focus to $30M AI marketplace launching in 2026

Protocol Fundamentals
14 Nov 2026, 23:19 WIB
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MegaETH cuts 20% staff, shifts focus to $30M AI marketplace launching in 2026

MegaETH's parent company MEGA has reduced its workforce by 20% while committing $30 million to develop an AI inference marketplace set to launch in December 2026. This marks a strategic pivot from its original focus on fast blockchain transactions to AI services that connect customers with providers of computing capacity for running AI models. The AI marketplace aims to enhance trust and privacy through cryptographic verification and competition among providers. MEGA plans to maintain the MegaETH blockchain and improve its decentralization and transaction speed through early 2027, with the new AI business potentially driving demand for its MEGA token.

MegaETH's parent company MEGA is shifting focus toward AI with a $30 million investment and a 20% staff cut. For readers following the broader cryptocurrency market, here is Pluang's market snapshot as of Nov 15, 2026 03:51 WIB: out of 50 major cryptocurrencies, 4 rose and 45 fell. Notable movers include AXS at Rp12.334 with a 1-day change of -11.05% and a Pluang order activity of 93% Sell / 7% Buy, XTZ at Rp3.875 down 10.98% but with 100% Buy order activity, and SNX at Rp2.671 down 10.97%.

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