MegaETH Shuts Down Mega Mafia Accelerator After Backed Teams Raise $80M
MegaETH has shut down its Mega Mafia accelerator program following the completion of two cohorts. The program incubated approximately 20 projects that collectively raised $80M, but was discontinued as most successful teams migrated to competing networks and the accelerator provided limited value back to the core protocol.
Key Highlights
- •Mega Mafia accelerator program has been shut down after two cohorts
- •~20 projects were incubated through the program, raising $80M collectively
- •Most successful teams moved to competing networks after graduation
- •Program delivered limited value back to the MegaETH protocol
- •Decision reflects reassessment of accelerator's strategic utility
Why It Matters
This shutdown signals potential challenges in retaining ecosystem projects and maintaining developer momentum on the MegaETH network. It highlights competitive pressures from rival chains and raises questions about the effectiveness of accelerator models in driving protocol adoption and network effects.
Source: CryptoTalkies Events Feed
Frequently Asked Questions
What was the Mega Mafia accelerator?
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