Ethereum scaling project MegaETH slashes staff by 20% as it pursues AI business
Summary
Ethereum scaling project MegaETH has reduced its workforce by one fifth while shifting its focus toward artificial intelligence. This restructuring follows a severe decline in the platform's decentralized finance total value locked, which plummeted from over two hundred forty-five million dollars to less than nine million dollars.
Decentralized Finance total value locked on MegaETH dropped significantly from over $245 million to $8.8 million.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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