[MegaETH Foundation Renamed MEGA, Invests $30 Million in New Product Development] The Ethereum Layer 2 network MegaETH Foundation has been renamed MEGA and has pledged $30 million from its treasury to develop new products, with the first AI inference marketplace planned for launch in December. All new products will run on MegaETH, and network upgrades will support AI inference products. Co-founder Shuyao Kong stated that the inference marketplace targets developers, and specific vendors and models will be announced at launch. MEGA's responsibilities include expanding the uses of the MEGA token, which the team will utilize in potential scenarios. (Source: The Block)