# Namik Muduroglu

> Namik Muduroglu is a member of the founding team and the Chief Strategy Officer (CSO) at MegaETH Labs. 

- Canonical URL: https://iq.wiki/wiki/namik-muduroglu
- Categories: People in crypto
- Tags: Founder
- Created: 2025-06-23T14:51:44.202Z
- Last updated: 2025-06-26T12:47:25.430Z
- Source: IQ.wiki — the world's largest blockchain and crypto encyclopedia (https://iq.wiki)

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**Namik Muduroglu** is a member of the founding team and serves as the Chief Strategy Officer (CSO) at [MegaETH](https://iq.wiki/wiki/megaeth) Labs. He is involved in the development and strategic direction of megaETH, a project described as an extension of [Ethereum](https://iq.wiki/wiki/ethereum). [\[1\]](#cite-id-PIgyNJpC7K)[\[7\]](#cite-id-y3ZEhiL2e0)

## 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. [\[7\]](#cite-id-y3ZEhiL2e0)

## 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. [\[7\]](#cite-id-y3ZEhiL2e0)

### MegaETH

[MegaETH](https://iq.wiki/wiki/megaeth) is an EVM-compatible [blockchain](https://iq.wiki/wiki/blockchain) project co-founded by Muduroglu alongside [Shuyao Kong](https://iq.wiki/wiki/shuyao-kong), [Yilong Li,](https://iq.wiki/wiki/yilong-li) and [Lei Yang](https://iq.wiki/wiki/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](https://iq.wiki/wiki/blockchain)". [\[8\]](#cite-id-eUwM6QZ14j)

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

The project has received early financial backing from investors including [Vitalik Buterin](https://iq.wiki/wiki/vitalik-buterin) and Joseph Lubin.

In June 2024, [MegaETH](https://iq.wiki/wiki/megaeth) raised $20 million in a seed funding round, which valued the token at a "9-figure" amount [\[8\]](https://iq.wiki/wiki/shuyao-kong#cite-id-TXjoYi1b3R).

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. [\[9\]](#cite-id-wvW6e155Ag)

## Views on Blockchain Technology

Muduroglu has articulated specific views regarding the strengths and weaknesses of various [blockchain](https://iq.wiki/wiki/blockchain) networks, particularly [Ethereum](https://iq.wiki/wiki/ethereum) and competing Layer 1 platforms.

### On Ethereum

Muduroglu regards [Ethereum](https://iq.wiki/wiki/ethereum) as the most decentralized Turing-complete [blockchain](https://iq.wiki/wiki/blockchain) with the strongest liveness guarantees, asserting that it *"will never go down"*. He describes [Ethereum](https://iq.wiki/wiki/ethereum) as having successfully become the "most trusted settlement layer in crypto" [\[4\]](#cite-id-jbfG8SHNIo). However, he also acknowledges that [Ethereum](https://iq.wiki/wiki/ethereum)'s prioritization of decentralization has resulted in a "slow chain with high fees" [\[5\]](#cite-id-SWGiJhN3xw). He has characterized [Ethereum](https://iq.wiki/wiki/ethereum) as a "once in a lifetime" technology [\[6\]](#cite-id-MSDovHgyGf).

### On Other Layer 1s

He notes that high-performance [Layer 1](https://iq.wiki/wiki/layer-1) blockchains have gained traction partly due to the performance limitations of Ethereum's [mainnet](https://iq.wiki/wiki/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](https://iq.wiki/wiki/ethereum) with [Solana](https://iq.wiki/wiki/solana), stating that "[Solana](https://iq.wiki/wiki/solana) is once in a cycle, [Ethereum](https://iq.wiki/wiki/ethereum) is once in a lifetime"  [\[5\]](#cite-id-SWGiJhN3xw)[\[6\]](#cite-id-MSDovHgyGf).

### On MegaETH's Purpose

Muduroglu positions [MegaETH](https://iq.wiki/wiki/megaeth) as an "extension of Ethereum" [\[2\]](#cite-id-dioQb7wTVa). He states that [megaETH](https://iq.wiki/wiki/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](https://iq.wiki/wiki/megaeth). [\[1\]](#cite-id-PIgyNJpC7K)