TechFlow reports, July 17, according to The Block, Ethereum scaling project MegaETH core team member Shuyao Kong announced on July 16 the official closure of the flagship accelerator program Mega Mafia, which operated for two years and spanned two cohorts. The program incubated approximately 20 teams, cumulatively helping them secure about $80 million in funding (covering Pre-Seed to Series A), but Kong admitted "the program was built on assumptions that no longer hold," and most successfully incubated applications are no longer building on MegaETH.
Among these projects, flagship project GTE chose to build its own public chain, Noise shifted to Base, HelloTrade shifted to Monad, and some projects such as Avon and Valhalla have closed. Notably, MegaETH did not hold any equity or governance rights in any project during the incubation process. Kong stated that MegaETH will shift resources to "first-party application" development in the future, establishing relationships directly with end users, focusing on "OMEGA"-level consumer applications that can only be realized on MegaETH.
