Namik Muduroglu

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Namik Muduroglu

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

is an EVM-compatible project co-founded by Muduroglu alongside , and . 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 ". [8]

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

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

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

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 networks, particularly and competing Layer 1 platforms.

On Ethereum

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

On Other Layer 1s

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

On MegaETH's Purpose

Muduroglu positions as an "extension of Ethereum" [2]. He states that 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 . [1]

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