According to Lorenz, Polygon acquired Hermez for $250 million in 2021 and renamed it Polygon zkEVM. However, the development of Polygon zkEVM has been quietly abandoned and has never been upgraded to use Blobs. The chain is running at a loss of more than $1 million per year.
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MemeCoinSavant
· 06-17 06:27
based on my research, this is peak negative roi kek
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MidnightMEVeater
· 06-17 06:07
Good morning. Late at night, I tasted a bowl of 250 million dollars of bad soup. It didn't taste good.
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ZKProofster
· 06-17 05:56
technically speaking, another L2 bites the dust...
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BlockchainThinkTank
· 06-17 05:53
Data does not lie, it is advised that everyone follows with caution.
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ForkMaster
· 06-17 05:48
Not too surprising, buying a half-finished building for 250 million is a bad idea. Instead of playing with such a terrible idea, why not just give me the money to raise my kids.
According to Lorenz, Polygon acquired Hermez for $250 million in 2021 and renamed it Polygon zkEVM. However, the development of Polygon zkEVM has been quietly abandoned and has never been upgraded to use Blobs. The chain is running at a loss of more than $1 million per year.