Good catch, but it is probably innevitable. I wouldn't even be surprised if they rebrand, since their name is mostly based on the chains they were building on
tldr; Polymarket is transitioning from using the Polygon network to developing its own Layer 2 (L2) blockchain to address performance bottlenecks, compliance risks, and reliance on external oracles. This move aims to optimize prediction market operations, reduce transaction friction, and enhance reliability. Polymarket plans to integrate a native oracle system and issue the POLY token, which will serve as a functional asset within the ecosystem. This dual-track approach balances traditional equity structures with token utility while mitigating regulatory risks.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
This article is based on an off-handed comment made by a discord admin.
Polymarket has not officially said anything about building their own L2.
Good catch, but it is probably innevitable. I wouldn't even be surprised if they rebrand, since their name is mostly based on the chains they were building on
Why would Polymarket want to get in the infrastructure game?
Polygon has ended when they changed their tokenomics
I miss Matic
tldr; Polymarket is transitioning from using the Polygon network to developing its own Layer 2 (L2) blockchain to address performance bottlenecks, compliance risks, and reliance on external oracles. This move aims to optimize prediction market operations, reduce transaction friction, and enhance reliability. Polymarket plans to integrate a native oracle system and issue the POLY token, which will serve as a functional asset within the ecosystem. This dual-track approach balances traditional equity structures with token utility while mitigating regulatory risks.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
polygon not to blame generally all applications build on any public chain do that