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With zero knowledge (ZK) proofs expected to be a game changer for blockchain scaling, Polygon may be on the brink of a major rally. Taking to X on February 2, crypto market commentator Polynya, asserts that ZK technology is the “endgame” as its “1,000x efficiency upside is irresistible for networks.
The developer behind the Polygon (MATIC) ecosystem is laying off 19% of its workforce, though the company's chief executive says the staff shakeup isn't due to financial reasons.
Polygon Labs sacrifices 19% of its workforce hyperfocus on a single narrative.
Retik Finance has positioned itself as a formidable challenger to established players, particularly Polygon (MATIC). With Retik Finance currently valued at $0.
Polygon Labs has laid off 19% of its team, reducing operational efficiency. CEO Marc Boiron emphasized the decision for agility in the blockchain sector.
Amidst a turbulent cryptocurrency market, Cardano (ADA) faces challenges. With the broader market in decline, ADA's price has hit a crucial point at $0.5, potentially impacting its short-term direction.
Polygon Labs, the company behind the Polygon blockchain, has announced layoffs affecting approximately 19% of its team members.
Cardano is currently navigating through turbulent market conditions. As the broader cryptocurrency market experiences a downturn, ADA has reached a psychologically significant price level at $0.5, which could be a decisive factor for its short-term price trajectory.
Polygon Labs becomes the next crypto firm to announce layoffs, but not as a cost-cutting measure.
Polygon Labs on Thursday announced that it was going to spin off its Polygon ID division to focus on “core protocol development work”. The developer also said that it will lay off around 19% of its workforce in an attempt to enhance performance.
In a bold move that has caught the attention of the crypto world, Polygon Labs, the brains behind the innovative layer-2 rollup network known as Polygon, has announced a significant reduction in its workforce.
Polygon Labs' CEO announced the departure of 60 staff members, representing 19% of its workforce.
In February 2023, Polygon announced layoffs affecting about 100 people as part of internal restructuring efforts.
Polygon Labs has announced a 19% reduction in its workforce, impacting 60 employees across various departments. The decision, announced by CEO Marc Boiron in an internal memo on Feb. 1, is part of the company's broader strategy to realign its focus on core projects and accelerate its mission in the web3 ecosystem.
In a decisive move reflecting the dynamic nature of the web3 sector, Polygon Labs announced a significant layoff of its team. The decision, aimed at enhancing operational efficiency, sees the organization bidding farewell to 60 team members, approximately 19% of its workforce.
The company behind Ethereum scaling network Polygon has laid off 19% of its team, less than a year after an even larger layoff.
Cryptocurrency firm Polygon Labs plans to cut 60 jobs globally, or about 19% of its workforce, the company said in a blog post on Thursday, marking a second round of layoffs amid a nascent recovery in digital assets.
Polygon Labs trims its staff by 19%, letting go of 60 employees as part of a restructuring effort.
For the second time in about a year Polygon Labs is reducing staff, the company's CEO announced in a post to X.
Polygon announced that it laid off 19% of its workforce, or 60 employees, in a blog post on Thursday.
The price of Polygon (MATIC) has dropped below a resistance trend line that has been in place since its peak in December 2021. Moreover, MATIC is currently adhering to a shorter-term resistance trend line.
The Ethereum-focused developer firm attributes the layoffs to working more effectively, rather than financial reasons.
In a recent development, Polygon Labs announced a workforce reduction, eliminating 60 roles, accounting for approximately 19% of its staff. The decision was communicated by Marc Boiron, CEO of Polygon Labs, in an update shared with the Polygon Labs team.
Japanese superstar blockchain Astar today announced the launch of Astar zkEVM Powered by Polygon, a Layer-2 scaling solution for Ethereum. The launch is set to take place this month, in late February 2024.
