According to The Block, citing an X post by co-founder Shuyao Kong, MEGA (formerly the MegaETH Foundation) has laid off 20% of its staff during a restructuring. The affected personnel previously worked on the MegaETH blockchain, wallet, and ecosystem development. The founders, early employees, and core engineering team remain committed to the project. The organization announced this week a commitment of $30 million to develop new products, including AI inference, though this commitment does not mean the funds have been fully disbursed.