MegaETH's Accelerator 'MegaMafia' Ends After Two Years

MegaETH's Layer 2 Ethereum project has concluded its accelerator program 'MegaMafia' after two years, having supported around 20 teams. These teams raised approximately $80 million in funding from pre-seed to Series A rounds. However, Shuyao Kong, a core team member, noted that while 'MegaMafia' was the top incubator for this cycle, most of its value did not stay within MegaETH. Many projects, including GTE which raised $25 million, have since moved to other platforms. Notable exits include SocialMedia, HelloTrade, and Stablecoin Project Cap, which launched on other blockchains.