The MegaETH project team announced on Nov. 10, 2026, that the MegaETH Foundation had become MEGA and would expand into in-house product development. The change gives the organization a broader role beyond supporting blockchain infrastructure, backed by a $30 million allocation for products built on MegaETH.

“Today, the MegaETH Foundation becomes MEGA.

MEGA will continue the Foundation’s work and take on much more. This change will enable us to go to market faster as we push the chain forward,” MegaETH said in its announcement.

The organization said all new products would use the MegaETH network. Expanding the use of the MEGA token will also be one of its priorities.

AI inference marketplace planned for December

MEGA’s first project will be an AI inference marketplace, which it plans to launch worldwide as early as December 2026. AI inference is the process of handling requests with trained artificial intelligence models.

Project representatives said the team moved into independent product development after completing an accelerator program in the summer of 2026. Following several months of research, it selected the AI inference market as its main area of focus.

MEGA will draw the initiative’s $30 million budget from its existing reserves. The funds are intended for products that will operate on the MegaETH blockchain.

In a separate post, MEGA introduced a concept called Purified Intelligence, which proposes a competitive market for AI inference services.

The developers said the existing market has wide differences in service prices and insufficient transparency among providers. According to the team, users cannot always verify whether a provider is using the stated model, delivering the promised service quality or complying with privacy requirements.

MEGA’s published whitepaper proposes using cryptographic methods and distributed systems to verify AI service providers. The concept includes verifying that models are authentic and meet stated specifications, protecting confidential user information, improving the security of interactions with AI agents and creating conditions for competition among providers.

It also calls for standardizing and trading commitments to provide computing services. Under the proposal, users could pre-purchase access to specified volumes of AI inference, while providers could plan how to use their computing capacity.

Such commitments could eventually become tradable in a manner similar to standardized commodity contracts, according to the document. The team acknowledged that the system would require mechanisms to verify service delivery and resolve disputes.

MEGA has not disclosed technical implementation details, participating providers or the AI models that the planned platform will support.

MegaETH development to continue

MegaETH is an Ethereum layer-2 network focused on real-time transaction processing, minimal block-to-block latency and high throughput. Its mainnet opened to users in 2026.

The project previously raised funding from Dragonfly Capital, Ethereum co-founder Vitalik Buterin, Consensys founder Joseph Lubin and other investors. Before the rebrand, the MegaETH Foundation supported protocol development, coordinated ecosystem growth and handled governance mechanisms.

MEGA said it would continue developing the blockchain while building products in-house. Planned work includes accelerating transaction finality and implementing sequencer rotation. The new products are also expected to broaden the MEGA token’s use cases.

The MEGA token declined following the announcement, according to the hourly MEGA/USDT TradingView chart cited by the source.

Source: Incrypted