The team behind the MegaETH blockchain project has announced the transformation of the MegaETH Foundation into the MEGA organization and the allocation of $30 million for the development of new products. The first direction will be the creation of an AI inference market, which is planned to launch in December 2026.
Today, the MegaETH Foundation becomes MEGA.
MEGA will continue the Foundation’s work and take on much more. This change will enable us to go to market faster as we push the chain forward.
— MegaETH (@megaeth) November 10, 2026
The initiative envisages expanding the team's activities beyond the development of blockchain infrastructure. The new products will use the MegaETH network, and one of the organization's priorities will be expanding the use of the MEGA token.
In an official statement, project representatives noted that after completing the accelerator program in the summer of 2026, the team began independently developing products. Based on the results of several months of research, the AI inference market was chosen as the main direction — the process of executing requests by trained artificial intelligence models.
To implement the initiative, the organization will direct $30 million from existing reserves. The funds are intended for the creation of products that will operate on MegaETH.
In a separate publication, MEGA presented the concept of Purified Intelligence, which envisages the formation of a competitive market for AI inference services.
According to the developers, the existing market is characterized by significant differences in the cost of services and insufficient transparency of providers. Users cannot always verify the authenticity of the model being used, the quality of service, or compliance with confidentiality requirements.
In the published whitepaper, the team proposed using cryptographic methods and distributed systems to verify AI service providers. In particular, the concept envisages:
verification of the authenticity of models and compliance with declared characteristics;
protection of users' confidential information;
increased security of interaction with AI agents;
creation of conditions for competition among providers;
the possibility of standardization and trading of obligations regarding the provision of computing services.
The authors of the document also consider creating a market where users can purchase access to certain volumes of AI inference in advance, and providers can plan the loading of computing capacities.
In the future, such obligations could become an object of trading by analogy with standardized commodity contracts. At the same time, the team acknowledges the need to develop mechanisms for confirming the performance of services and resolving disputes.
MegaETH itself is an L2 solution for Ethereum focused on processing transactions in real time. The project envisages minimal latency between blocks and high network throughput.
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Previously, the team raised financing from Dragonfly Capital, Vitalik Buterin, Joseph Lubin, and other investors. The MegaETH mainnet was opened to users in 2026.
The MegaETH Foundation initially focused on supporting protocol development, coordinating ecosystem development, and governance mechanisms. After the rebranding, the MEGA organization expanded its activities to include independent product creation.
In addition to the AI direction, the team intends to continue the development of the MegaETH blockchain, in particular accelerating transaction finality and introducing sequencer rotation. New developments should also contribute to expanding the scope of application of the MEGA token.
The asset itself, meanwhile, was noted for a decline against the backdrop of the announcement:
Hourly MEGA/USDT chart on the Binance exchange.
The first platform for AI inference is planned to be opened to users worldwide as early as December 2026. Details of its technical implementation, the list of providers, and supported models have not yet been disclosed.