MegaETH shuts down MegaMafia flagship accelerator to focus on first party apps
Crypto Briefing 2026-07-16 20:28:11
Context: MegaETH has discontinued its MegaMafia flagship accelerator program, a decision made to shift the company's focus towards developing first-party applications. The accelerator had previously supported 20 teams, which collectively raised over $80 million in funding. This change in strategy comes as MegaETH seeks to optimize its resources and prioritize initiatives that yield greater value to the protocol.
Key Facts
- MegaETH's MegaMafia accelerator program supported 20 teams, enabling them to raise a total of over $80 million in funding before its shutdown.
- The decision to end the MegaMafia accelerator was driven by the company's assessment that it had limited value returned to the protocol.
- MegaETH will now focus its efforts on developing first-party applications, marking a strategic shift in the company's priorities.