Key takeaways
- MegaETH repurchased 4.75% of its tokenized shares and warrants from pre-seed investors.
- The move marks a strategic shift toward community-focused financing, moving away from traditional venture capital models.
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MegaETH, a layer 2 blockchain project focused on real-time DeFi infrastructure, today repurchased 4.75% stock warrants and tokens from its pre-seed investors.
The buyout reflects MegaETH’s strategic pivot toward community-focused funding models rather than traditional venture capital structures. The project focused on public sales and community distributions to prioritize equitable access for retailers.
MegaETH is preparing for an auction-style token presale, emphasizing governance rights and staking features tied to its real-time on-chain capabilities. The platform targets millisecond latency for DeFi applications.
The move aligns with broader trends in blockchain projects, reviving ICO-style models focused on direct community involvement rather than traditional investor structures.
