[MEGA Lays Off 20% of Staff, Launches AI Inference Marketplace in December] According to Jinse Finance, MEGA co-founder Shuyao Kong posted on X that the company has laid off 20% of its staff after several months of restructuring, affecting teams in blockchain, wallets, ecosystem support, and communications. The number of affected employees and their distribution by team were not disclosed. Founders, early employees, and the core engineering team will remain. MEGA is the new name adopted by the MegaETH Foundation on November 10th. The foundation has also pledged to invest $30 million from its existing treasury to develop products, the first of which is the AI inference marketplace launching in December. All new products will run on MegaETH. This marketplace is based on the Purified Intelligence solution proposed in the white paper, authored by Yilong Li and Lei Yang. It aims to make inference services from different vendors interchangeable and to verify models and data processing using cryptography and distributed systems. Kong told The Block that details regarding vendors and models will be announced upon launch. The new organizational name does not replace the blockchain name; MegaETH remains the blockchain department listed on the official website, and MOSS is the account-level product.