Polygon has announced significant changes to its strategy, including the termination of zkEVM and a focus on PoS and AggLayer to enhance performance.
Changes in Polygon's Strategy
Researcher Lorenz Lehmann revealed that Polygon acquired Hermez for $250 million in 2021 and renamed it Polygon zkEVM. Lehmann added that deployment of zkEVM has never been upgraded to use blobs, and the chain is currently running at a loss of more than $1 million per year. The organization announced plans to phase out zkEVM by 2026, marking the end of its zero-knowledge scaling efforts.
New Initiatives Under Nailwal
Sandeep Nailwal, CEO and co-founder of Polygon Foundation, believes that with a healthy treasury and several hundred million in cash, Polygon is well-positioned for long-term success. Nailwal disclosed that Polygon PoS will focus on stablecoin payments and real-world assets, while AggLayer will continue working on the trustless Internet of Blockchains.
Future of Polygon in Zero-Knowledge
Polygon noted that it will continue to invest in zero-knowledge research, announcing the new project Polygon Zisk led by Jordi Baylina. Additionally, Nailwal discussed the AggLayer Breakout program, which will lead to the launching of new projects and a focus on Polygon PoS and AggLayer while providing significant airdrops to POL stakers.
Amid strategic changes, Polygon aims to enhance performance and develop new initiatives, hoping to create more efficient blockchains and further advance zero-knowledge technologies.
