MegaETH Team Rebrands as MEGA, Commits $30M With AI Inference First

The team behind the Ethereum Layer 2 network MegaETH has rebranded as MEGA and committed $30 million to new products, The Block reported on Tuesday. The first product is an AI inference market planned for December 2026. The money comes from MEGA’s existing treasury, according to The Block.

Co-founder Shuyao Kong called inference the project’s “largest move.” MEGA says providers charge very different prices for comparable inference and that buyers can struggle to judge the risks of cheaper, unfamiliar providers. Its approach, which it calls “Purified Intelligence,” aims to make inference from different providers more interchangeable so more suppliers can compete globally. Developers are the target customers. Kong said details on how the market will work, and which providers or models will be available, are being held until launch.

All new products will run on MegaETH, and planned upgrades including fast finality are meant to support the inference product, The Block reported. Kong did not detail the MEGA token’s role in the market beyond saying the team will use it wherever possible.

The Block cited DefiLlama data showing the MegaETH mainnet, which launched earlier in 2026, holds about $12 million in total value locked, down from a peak above $245 million. The MEGA token went live in April 2026 and trades around $0.05, more than 76% below its all-time high, according to The Block’s price page. The project has raised over $80 million since 2024, The Block said.

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Sources:

• The Block: MEGA commits $30 million to new products, starting with AI inference