The MegaETH Foundation has rebranded to MEGA and will deploy $30 million from its existing treasury to develop products outside the network, with all new offerings running on MegaETH. Its largest planned initiative is an AI inference marketplace scheduled to launch in December, designed to make inference services from different providers more interchangeable for developers. Co-founder Shuyao Kong said the team intends to incorporate the MEGA token as extensively as possible, though it has not specified the token's exact uses. DefiLlama data puts MegaETH's total value locked at approximately $12 million, down sharply from a peak of more than $245 million. The team previously announced plans to develop products on the network, fund four major upgrades and pursue full decentralization by the end of the first quarter of 2027. The project raised a $20 million seed round led by Dragonfly with support from Ethereum co-founder Vitalik Buterin. Its strategy centers on the $MEGA token, ecosystem-revenue-funded buybacks and future investments, while MEGA operates without equity ownership. MegaETH launched its mainnet on February 9, 2026, followed by the token on April 30, 2026; its architecture targets more than 100,000 transactions per second with near-instant block confirmation.