The MegaETH Foundation rebranded as MEGA and earmarked $30 million to develop new products on its Ethereum Layer 2 network. Its first initiative, Purified Intelligence, is an AI inference marketplace scheduled to launch in December 2026. MEGA also aims to achieve full decentralization by the end of the first quarter of 2027, including fast finality and sequencer rotation. The chain’s total value locked fell from more than $245 million to around $12 million, while $MEGA lost roughly 76% from its all-time high. The organization is also considering tokenomics updates and programmatic buybacks, but has not made firm commitments on either measure.
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