Vitalik’s Preferred L2 MegaETH Launches Testnet: An Overview of the Mega Mafia Incubator Ecosystem (Part 2)
Ethereum Layer 2 MegaETH (Mega Star) Testnet Launched
The MegaETH testnet has been launched. This series will introduce a range of protocols incubated by Mega Mafia, providing readers with a clearer direction in exploring the ecosystem. Mega Mafia is the flagship accelerator program of MegaETH, aimed at helping developers with unique ideas create one-of-a-kind protocols on the world computer, rather than forking already successful cases. In other words, do not reinvent the wheel on MegaETH.
Vitalik’s Preferred L2 MegaETH Testnet Launched! Introduction to the Mega Mafia Incubator Ecosystem Map (Part 1)
Vitalik’s Preferred L2 MegaETH Testnet Launched! Introduction to the Mega Mafia Incubator Ecosystem Map (Part 2)
The program is funded by investors including ABCDE, ANAGRAM, FIGMENT, GSR, KRAKEN VENTURES, MAVEN11, ROBOT VENTURES, WINTERMUTE, BASED16Z, CALVIN LIU, GEORGE LAMBETH, GUY YOUNG, ICEBERGY, JEZ, KAINAIN.D.KIAAIN, among others.
Hearthstone World Champion Creates Trading Card Game Showdown
Showdown is a trading card game that combines traditional card battles with elements of Texas Hold’em. The team stated they will integrate blockchain technology mainly to address the transparency issues of traditional games, providing immutable rewards and competition logic.
Furthermore, the founder has a remarkable background: Stanislav Cifka is a Hearthstone World Champion and an International Chess Master, who later transitioned to Magic: The Gathering. Additionally, Ondrej Strasky is also a Magic Mythic World Champion. In short, this game is developed by a group of trading card game world champions.
SWEEP Allows Real-Time Betting During Live Streams
SWEEP enables real-time betting on Twitch streams. For example, can the streamer win this game? By lowering the barriers to entry (registration via email), SWEEP aims for widespread adoption similar to Polymarket. Even compared to Polymarket, the user base fluctuations of SWEEP are more stable.
Teko Introduces Gradual Liquidation Lending Protocol
The most concrete application of MegaETH’s real-time blockchain in lending protocols is gradual liquidation. Most forks of AAVE’s lending protocols trigger liquidation when the price reaches a certain threshold set by oracles. However, Teko’s use of gradual liquidation prevents users from incurring unnecessary liquidations. It also offers margin trading, leveraged trading, and more. Investors include CMS Holdings, among others.
Valhalla: Perp Dex Backed by Market Giants Kronos and GTE Founder Enzo
Valhalla is a Perp Dex on MegaETH, with high expectations for the application of MegaETH’s real-time blockchain in Perp Dex to potentially disrupt traditional centralized exchanges. From previous experiences with GTE, it has already shown to be competitive with centralized exchanges. Investors include Enzo, the founder of GTE, as well as Robot Ventures and Kronos Research.
(When Vitalik’s favored world computer MegaETH meets the new generation DEX that market makers are focused on, GTE completes community financing)
Risk Warning
Investing in cryptocurrency carries a high level of risk, and prices can be extremely volatile; you may lose your entire principal. Please assess the risks carefully.
