MegaETH Halts MegaMafia Incubation Program After Supporting 20 Teams in $80M Funding

According to ChainCatcher, MegaETH co-founder Shuyao Kong announced the MegaMafia incubation program will halt and will not release a 3.0 version. The two-year initiative supported 20 teams that completed over $80 million in financing, with MegaETH investing millions in market-making, lending, audits, and liquidity needs. However, MegaETH intentionally did not acquire equity, governance rights, or economic benefits, resulting in minimal value return and most projects discontinuing joint development with MegaETH.

MegaETH will continue supporting existing MegaMafia projects while shifting focus to OMEGA applications requiring MegaETH infrastructure and stablecoin integration, as well as consumer-grade applications developed in-house to reduce feedback cycles and align value directly with the protocol.