Sandeep Nailwal, one of Polygon's founders, has taken over and is now the sole remaining founder, following the exit of fellow founders
Mihailo Bjelic. The change comes amidst a strategic revamp and new plans for Polygon, with focus shifting towards cross-chain and stablecoin payments. Polygon's network achieved a significant milestone with NFT sales hitting $2 billion, even as rumors circulate about turmoil within the firm. A high-yield blockchain backed by Polygon,
Katana, has launched targeting institutional adoption. In contrast, Aavegotchi, a DeFi game previously hosted on Polygon, has migrated to Coinbase’s Base blockchain. Despite loss of some games, Polygon's outlook stays favourable, with analysts predicting a potential rebound to $3 by 2025 for its native token, now rebranded to POL. Polygon Labs, in partnership with market maker GSR, has launched a DeFi-focused blockchain. Expansion continues with Jio Platforms Ltd. collaborating with Polygon Labs to bring Web3 capabilities to over 450 million Jio users, despite some delays reported by Coinbase's users. Amidst this upheaval, Polygon is eyeing a revamp to reclaim its position as a scaling leader. With a new target of 100K TPS and considering a $1B stablecoin proposal, Polygon is intent on rising from the ashes.
Polygon Coin News Analytics from Fri, 30 Aug 2024 08:58:41 GMT to Wed, 18 Jun 2025 17:24:13 GMT -
Rating 6
- Innovation 5
- Information 8
- Rumor -2
