Other-News
By Bruce Buterin
1 / 15
Projects Left, and MegaETH Didn't Stop Them. The migration of teams away from MegaETH after graduation is probably the central issue here.
2 / 15
No Replacement Plan Announced. MegaETH hasn't said what comes next. No replacement accelerator. No revised program.
3 / 15
MegaETH has shut down its Mega Mafia accelerator. Two cohorts ran, 20 teams got funded, and together they pulled in $80 million.
4 / 15
That's the uncomfortable part. The accelerator basically worked. Teams raised real money, built real products, and then walked out the door to other blockchains.
5 / 15
The $80 million figure is worth pausing on. That's not a rounding error — that's a meaningful chunk of early-stage capital flowing through a single accelerator program across…
6 / 15
It's unclear exactly which projects moved, or where they went. MegaETH hasn't named names. But the fact that the departure of successful applications was cited as part of the…
7 / 15
And that's a hard thing to spin. Other blockchain ecosystems have faced similar problems — incubating talent and then watching it scatter — but most don't close the program…
8 / 15
MegaETH hasn't said what comes next. No replacement accelerator. No revised program. No alternative initiative to fill the gap.
9 / 15
That silence is probably the most interesting part of the story right now. Blockchain ecosystems live or die by developer activity.
10 / 15
See also: Ostium Oracle Hack Drains OLP Vault of Up to $22 Million
11 / 15
The accelerator model itself isn't broken. Plenty of chains run successful programs that actually retain projects.
12 / 15
That's a product problem as much as a program problem. You can restructure an accelerator. Fixing why developers prefer other chains is a harder conversation.
13 / 15
Some context worth keeping in mind: the broader blockchain accelerator space has gotten more competitive over the past few years. Teams have more options.
14 / 15
Twenty teams. Eighty million dollars. Two cohorts. And most of them gone.
15 / 15
The raw numbers still look impressive on a slide deck. But the story behind them is messier.
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