Svmuu News Ethereum The scaling project MegaETH has announced the termination of its flagship incubation program, Mega Mafia, which ran for two years and consisted of two cohorts. Core team member Shuyao Kong stated that the program successfully incubated approximately 20 teams and raised a cumulative total of about $80 million, but most of the successful applications are no longer built on MegaETH.The flagship project GTE has decided to build its own chain; Noise has chosen to launch on Base; HelloTrade has shifted to Monad; Avon and Valhalla have shut down; and Cap has adopted a multi-chain strategy. MegaETH operates under a model where it holds no equity and participates in no governance; Kong acknowledged that this approach did not result in long-term retention of the projects.