Shuyao Kong is a co-founder of MegaETH, an EVM-compatible blockchain project focused on achieving high transaction speeds and low latency. She is also known for her previous roles in the blockchain and financial technology sectors and her writing on crypto topics. ^[9]

Overview

Shuyao Kong is a figure in the blockchain industry, recognized for her role in co-founding MegaETH. ^[1]

MegaETH is being developed as an EVM-compatible blockchain designed to handle a high volume of transactions with minimal delay, positioning itself as a "real-time blockchain" ^[1]. The project has attracted early support from notable figures in the crypto space, including Vitalik Buterin and Joseph Lubin ^[1].

Prior to her work on MegaETH, Kong held significant positions at various companies within the blockchain and fintech industries. Her career includes a six-year tenure as the global head of business development at ConsenSys. She has also been involved in other initiatives, such as founding Hotpot DAO ^[1][2].

Career

Shuyao Kong's career has spanned several key roles in the technology and blockchain sectors.

She began her career as a Research Assistant at Columbia University in 2013. She also worked at IBM and Brave Browser between 2013 to 2019. She then joined Decrypt, where she wrote the Da Bing column. ^{[1] [9]}

Kong also worked at ConsenSys for seven years, where she served as the global head of business development before founding MegaETH in March 2024. ^[2]

Education

Kong's educational background includes studies in economics and finance. She earned an MBA from Harvard Business School, graduating in 2020 ^{[1] [4]}.

MegaETH

MegaETH is an EVM-compatible blockchain project co-founded by Shuyao Kong alongside Yilong Li, Namik Muduroglu, 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" ^[5]. Its mission is to enable fully onchain, interactive, and sophisticated applications ^[5].

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 ^[6].

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 ^[8].