News
MegaETH pivots with $30M inference market bet
MegaETH (now MEGA) announced a $30M allocation from its treasury to develop new products, starting with an inference market slated for December. The move follows a decline in TVL to just under $10M from a May peak of $245M. Co‑founder Shuyao Kong noted the shift after failing to achieve product‑market fit despite building a fast Ethereum L2. The initiative aims to create verifiable, privacy‑focused AI inference services, leveraging emerging verification methods such as fingerprinting, trusted execution environments, and cryptographic proofs. The article also notes Coinbase’s new server‑side agent controls, recent Bitcoin Core bug patches, and Aave V3.8’s security‑only release across 15 networks.