MEGA Cuts 20% Workforce After Rebrand

MEGA, formerly MegaETH, cuts 20% of its workforce following a rebrand and a $30 million commitment to new products including AI inference. Co-founder Shuyao Kong states the company believes cryptography will change how the world accesses purified intelligence. The MEGA token launched in April with 53.3% of supply tied to staking rewards and trades around $0.045.