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The Polygon zkEVM project has been abandoned, losing over a million dollars each year.
According to Gate News bot, report by Lorenz Lehmann, head of research at growthepie, Polygon spent $250 million in 2021 to acquire Hermez and renamed it Polygon zkEVM. Currently, the chain is operating at an annual loss of over $1 million and has halted development work, failing to complete the upgrade of Blobs technology. Sandeep, co-founder of Polygon, has announced a gradual termination of the Polygon zkEVM project after taking on the role of CEO of Polygon Foundation.
Source: Wu Says
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