MegaETH Ends Mega Mafia Accelerator Program

MegaETH is shutting down its Mega Mafia startup accelerator. Co founder Shuyao Kong confirmed that the program will not host a third cohort, ending a two year run that helped launch several new crypto ventures.

While the accelerator program is ending, the team plans to continue supporting the projects that have already passed through the previous two rounds. The team has not released a specific reason for the closure, but it represents a significant pivot in how MegaETH plans to handle its network development moving forward.

Investors and community members are now watching to see how MegaETH will focus its resources. With the accelerator off the table, the network is likely looking at other ways to encourage growth and adoption for its infrastructure.