Wu learned that according to Lorenz Lehmann, the research director of growthepie, Polygon acquired Hermez for $250 million in 2021 and renamed it Polygon zkEVM. However, the development of Polygon zkEVM has been quietly abandoned and Blobs has never been upgraded. The chain is operating at a loss of over $1 million per year. Previously, Sandeep, co-founder of Polygon, announced his appointment as CEO of Polygon Foundation and plans to gradually phase out Polygon zkEVM. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=44098