The team behind MegaETH has announced a major strategic shift, rebranding to MEGA on November 10, 2026, and committing $30 million from its treasury to develop products for the MegaETH Ethereum Layer 2 network.
The first upcoming product is an AI inference marketplace called Purified Intelligence, scheduled to launch on the blockchain in December 2026. Co-founder Shuyao Kong stated that remaining exclusively a chain builder would mean ignoring a major market opportunity.
Alongside the product push, MEGA has established a roadmap aimed at achieving full decentralization by the end of the first quarter of 2027. Key technical features of this plan include fast finality and sequencer rotation. The organization is also reviewing potential tokenomics updates and exploring programmatic buybacks for the $MEGA token, while confirming that no new tokens will be issued and the entity holds no equity.
The pivot follows a significant decline in on-chain metrics since the mainnet launch on February 9, 2026, and the subsequent token release on April 30 following a $20 million seed funding round. Total value locked on the network has dropped from a peak of over $245 million to approximately $12 million, while the $MEGA token trades near $0.05, down about 76% from its all-time high.
The $30 million product commitment surpasses the initial $20 million seed round and exceeds the capital currently locked on the network. Token holders will be monitoring how $MEGA is integrated into the new AI marketplace and whether discussions around buybacks and tokenomics lead to formal implementation.
