Namik Muduroglu is a member of the founding team and serves as the Chief Strategy Officer (CSO) at MegaETH Labs. He is involved in the development and strategic direction of megaETH, a project described as an extension of Ethereum. ^[1][7]

Education

Namik Muduroglu attended NYU Stern School of Business, where he earned a Bachelor's degree in Business and Political Economy.

He also volunteers as a Global Shaper at the World Economic Forum. The Global Shapers Community is a network of young people driving dialogue, action, and change. ^[7]

Career

Before co-founding MegaETH, Muduroglu worked at Consensys as a Strategic Business Developer until 2024.

He then co-founded and served as the board member of Foundation for a Human Internet (humanID), an award-winning open-source, bot-resistant non-profit to promote safer online communities. ^[7]

MegaETH

MegaETH is an EVM-compatible blockchain project co-founded by Muduroglu alongside Shuyao Kong, Yilong Li, and Lei Yang. The project aims to achieve high transaction speeds, targeting 100,000 transactions per second (TPS) with millisecond latency, and describes itself as the "first Real-Time Blockchain". ^[8]

Its mission is to enable fully onchain, interactive, and sophisticated applications.

The project has received early financial backing from investors including Vitalik Buterin and Joseph Lubin.

In June 2024, MegaETH raised $20 million in a seed funding round, which valued the token at a "9-figure" amount [8].

In December 2024, the project raised $10 million in approximately three minutes through a sale on the Echo platform. This sale saw demand of $40 million for the $4 million available, with the first wave selling out in 56 seconds and the second in 70 seconds, attracting participants from 98 countries. ^[9]

Views on Blockchain Technology

Muduroglu has articulated specific views regarding the strengths and weaknesses of various blockchain networks, particularly Ethereum and competing Layer 1 platforms.

On Ethereum

Muduroglu regards Ethereum as the most decentralized Turing-complete blockchain with the strongest liveness guarantees, asserting that it "will never go down". He describes Ethereum as having successfully become the "most trusted settlement layer in crypto" ^[4]. However, he also acknowledges that Ethereum's prioritization of decentralization has resulted in a "slow chain with high fees" ^[5]. He has characterized Ethereum as a "once in a lifetime" technology ^[6].

On Other Layer 1s

He notes that high-performance Layer 1 blockchains have gained traction partly due to the performance limitations of Ethereum's mainnet. While acknowledging the existence of multiple high-throughput blockchains, he suggests that these are primarily focused on replicating existing use cases. He has contrasted Ethereum with Solana, stating that "Solana is once in a cycle, Ethereum is once in a lifetime" ^[5][6].

On MegaETH's Purpose

Muduroglu positions MegaETH as an "extension of Ethereum" ^[2]. He states that megaETH is designed to enable experiences and applications that are secured by Ethereum but are not possible on the Layer 1 itself. He describes megaETH as "unapologetically performant," making performance-first design choices while aiming to be more performant than alternative Layer 1s and not less decentralized than Ethereum. He encourages those looking to build "tomorrow's use cases" to consider megaETH. ^[1]