MEGA commits $30 million to expand crypto products with AI inference launch

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MEGA $30M crypto AI launch

Highlights

MEGA commits $30 million from its treasury to build new products on the MegaETH network, launching an AI inference market in December.
MegaETH has raised over $80 million to date, including a $20 million seed round in June 2024 and a $40 million public token sale in October 2025.
MEGA token trades near $0.05, down over 76% from its all-time high, while MegaETH network's total value locked fell from $245 million to $12 million.

Rebrand and product rollout plans

As first reported by The Block, MEGA says it is allocating $30 million from its treasury to build new products on the MegaETH network, with an AI inference market set to debut in December. The team says all future products will run on MegaETH, and planned network upgrades, including fast finality, are intended to support the new inference offering.

MEGA describes inference as the process of running a trained AI model to generate an output. The project says price gaps remain wide among providers offering comparable services, while buyers can struggle to assess the risks of using lower-cost providers they do not know well.

MegaETH co-founder Yilong Li says in a statement that those pricing gaps can be reduced significantly. MEGA says its approach, called "Purified Intelligence," is designed to make inference from different providers more interchangeable and allow more suppliers to compete in a global market.

Asked how the marketplace will operate and which providers or models will be available, MegaETH co-founder Shuyao Kong tells The Block that MEGA is holding back those details until the December launch. She adds that developers are the intended customers and says crypto is the only technology that makes AI fair and open.

Funding history and market context

MEGA says its broader mandate includes expanding the use cases of the MEGA token. When asked what role the token will play in the inference market, Kong says the team intends to use the token wherever possible under that mandate.

The MegaETH team has raised more than $80 million to date through venture funding, community rounds and token sales, according to Kong. That includes a $20 million seed round announced in June 2024 led by Dragonfly, a $10 million Echo round in December 2024, about $13 million from its Fluffle NFT sale in February 2025, and about $40 million from its public token sale in October 2025.

Kong also says MegaETH bought back some investors' stakes last year. The Block previously reported that the team repurchased a 4.75% stake, including equity and token warrants, from pre-seed investors in summer 2025.

The public mainnet launched earlier this year, and the network now has about $12 million in total value locked, down from a peak of more than $245 million, according to DefiLlama data. The MEGA token started trading in April this year at it is currently around $0.05, down more than 76% from its all-time high, according to The Block's MEGA price page.

Earlier, we reported on a KPMG survey showing AI agents boost efficiency at large U.S. firms, even as broader transformation lags.

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