MegaETH, a Layer 2 blockchain solution, has announced its flagship NFT collection, 'The Fluffle.' The collection consists of 10,000 soulbound NFTs, which are non-transferable and priced at 1 ETH each, equivalent to approximately $2,700 at current market rates. The NFTs collectively represent a 5% ownership stake in the MegaETH network, valuing the network at $540 million. The sale is expected to raise around $27 million and will be conducted through a whitelist-only process, with 80,000 addresses pre-selected for eligibility. The NFTs are designed as evolving assets, potentially offering additional value or utility over time. Additionally, 50% of the token allocation will unlock at the Token Generation Event (TGE), with the remainder vested over six months. MegaETH has positioned this initiative as an innovative alternative to traditional token airdrops, aiming to engage its community and incentivize long-term commitment to its ecosystem.