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🔥 This is the direction the industry should be heading towards. @megaeth_labs is the first major infra project since the ICO days where retails actually get to participate and have skin in the game - at the exact same terms as VCs https://t.co/Plrk4sQ4PW
I just want to call out how rare and special this is. There's enormous pressure on teams to raise at 10 figure vals and very limited ability to distribute tokens broadly at a low cost. MegaETH is taking a different path to ensure their community is successful alongside them. https://t.co/dHfl1het0O
FYI: this has been the Mega team's plan since before I joined in early November - not a reactionary move. Top to bottom they have been unwavering in their desire to return to the golden age of Ethereum. One where users had a shared stake in their network. The project has… https://t.co/tidmj2Oi5o
The blockchain project MegaETH Labs is gaining attention for its community-focused approach, particularly through its recent initiative known as the People's Round. This strategy allows users and developers to participate more equitably in the project's growth, contrasting with the trend of new chains emerging at high valuations without substantial traction. Industry observers note that many experienced builders are now aligning with MegaETH Labs, which has allocated community participation at approximately 5% of those high valuations. The project aims to revive the collaborative spirit of early Ethereum, ensuring that retail participants have the same investment terms as venture capitalists. This shift is seen as a significant change in the landscape of blockchain projects, where the pressure to achieve multi-billion dollar valuations often limits broad token distribution.
