Polygon Labs – the main development team behind the Ethereum scaling network Polygon (MATIC) – has laid off 19% of its workforce in an attempt to create a more “efficient surgical team.” Though 60 employees were laid off in the process, the remaining workers have been granted a minimum 15% salary raise, effective as of […]
Polygon Labs Cuts 19% Of Staff To Reduce Bureaucracy Read More »
Last updated: February 1, 2024 04:04 EST | 2 min read Source: Adobe / Mahoa CreativePolygon blockchain developer Polygon Labs has cut 19% off its workforce, according to a blog post published by CEO Marc Boiron on Thursday. Polygon Labs Lays Off 60 Employees Boiron called the decision “difficult, but necessary” to ensure the team’s
DeFi regulation has been a major bone of contention among regulatory watchdogs across the world. A recent paper, authored by Rebecca Rettig, Katja Gilman from Polygon Labs, and Michael Mosier from Arktouros, proposes a strategy to classify truly decentralized DeFi protocols as critical infrastructure. This classification would place them under the oversight of the US
DeFi Regulation: Polygon Labs’ Legal Team Pushes For OCCIP’s Oversight Read More »
Polygon Labs has discontinued contributions to its Edge platform which is designed to build custom Ethereum-compatible blockchain networks. This decision reflects the company’s plans to prioritize the expansion of the Polygon Chain Development Kit (CDK), the open-source development toolkit for building ZK-powered Layer 2 chains on Ethereum for both Web3 projects and Web2 enterprises. Polygon
Polygon CDK Expansion Takes Precedence as Edge Contributions Cease Read More »
Cryptocurrency prices took a hit yesterday as the SEC declared that it considers certain major altcoins, such as Solana (SOL) and Polygon (MATIC), to be securities. This revelation came during the filings for the SEC’s lawsuit against Kraken, alleging that it’s acting as an unregistered exchange. This article explores what this could mean for SOL
OKX partners with Polygon Labs to test new layer-2 network X1. Image by AndriiKoval, Adobe Stock. On Tuesday, the sixth largest cryptocurrency exchange OKX announced a partnership with blockchain platform Polygon Labs to launch a test network for X1, a new zkEVM layer-2 solution designed to improve transaction speeds and reduce costs. This collaboration seeks
