The flagship project lost a million dollars a year, and development was halted early. Only now does it gracefully say goodbye—Web3's "strategic adjustment" rhetoric is truly timeless.

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CoinNetwork
CryptoWorld News reports that Polygon announced that its $250 million ZK-EVM will stop operating on July 1. The product was once its flagship Ethereum scaling solution, but it ended operations due to annual losses of more than $1 million. CEO Marc Boiron said the team had already stopped developing the project a year and a half ago.
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