The MEGA organization, which stands behind the L2 project MegaETH, carried out a restructuring that resulted in a 20% reduction in staff. This was reported by project co-founder Shuyao Kong. The layoffs affected specialists working on the blockchain, wallet, ecosystem support, and communications. The exact number of laid-off employees was not disclosed.
This decision signals a shift in the team's priorities: in parallel with cost optimization, MEGA is actively developing applications based on its own network, including services based on artificial intelligence. $30 million has already been allocated to these initiatives.
The key focus is becoming the launch of an open platform, scheduled for December. Users will be able to choose between providers of services for processing requests to artificial intelligence models — this is a step toward creating a competitive environment in the decentralized AI computing segment.
The restructuring reflects a general trend in the L2 solutions industry: projects are forced to balance between team optimization and investment in new product directions. For MegaETH, betting on AI services could become a differentiator amid high competition among second-layer networks.
Cryptalist analysis: Cutting 20% of staff while simultaneously allocating $30 million to the AI direction demonstrates MegaETH's strategic pivot toward more capital-intensive and potentially profitable products. The L2 market is oversaturated, and such a reorientation could strengthen the project's position; however, success will depend on the team's ability to retain the ecosystem's trust amid personnel changes.