Shuyao Kong, co-founder of MegaETH, noted that the corporate overhaul impacted personnel who contributed to developing the project's underlying blockchain, wallet infrastructure, and ecosystem.
MEGA, the entity driving the Ethereum layer-2 scaling solution MegaETH, has decreased its headcount by 20% following months of restructuring alongside a pivot toward artificial intelligence offerings.
On Friday, MegaETH co-founder Shuyao Kong stated that the enterprise had restructured its divisions, leading to the exit of workers who handled the blockchain network, wallet software, ecosystem backing, and public relations. Kong refrained from specifying the exact headcount impacted or the precise timing of the reductions. She emphasized that MEGA's founders, initial staff members, and primary technical core stay fully dedicated to the project.
"We have integrated fresh capabilities and restructured our operational groups, a transition that has brought about a 20% drop in our personnel," Kong remarked. "These individuals played a crucial role in establishing MEGA from the ground up."
This reduction in personnel coincides with MEGA redirecting its attention toward building applications on the MegaETH network, specifically focusing on artificial intelligence capabilities. The firm has pledged $30 million toward this effort, though Kong did not explicitly connect the workforce downsizing to the updated corporate direction.
Within an official whitepaper, MegaETH co-founders Yilong Li and Lei Yang detailed plans for an inference marketplace designed to provide consumers with access to rival AI service providers. This strategy intends to resolve worries regarding whether operators deploy the stated models and how they manage user information.
Kong announced that MEGA intends to roll out a public inference marketplace in December.
Related: MegaETH mainnet to launch Feb. 9 after clocking 35K TPS in testing
Originally published at https://cointelegraph.com/news/megaeth-parent-cuts-20-percent-staff-ai-push?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound.
