<p><span style="font-weight: 400;">Ethereum scaling project MegaETH is sunsetting its flagship Mega Mafia accelerator program after two years and two cohorts, according to an <a href="https://x.com/hotpot_dao/status/2077795018866135470">X post</a> on Thursday from core MegaETH team member Shuyao Kong.</span></p>
<p><span style="font-weight: 400;">"While it was a success in many ways, we believe that the program was built on assumptions that no longer hold," Kong said. </span></p>
<p><span style="font-weight: 400;">The program, designed to incubate builders creating "0-to-1" and "OMEGA" applications building on MegaETH’s unique platform, supported about 20 teams that went on to raise approximately $80 million in pre-seed to Series A funding, according to Kong. </span></p>
<p><span style="font-weight: 400;">MegaETH "hand-picked teams" that then "co-lived and co-built with the MegaETH core team," which also offered technical, managerial and market-making support, among other forms of bootstrapping. </span></p>
<p><span style="font-weight: 400;">"In many ways, the Mega Mafia was the best incubator of this cycle.
