Polygon proposes upgrading MATIC into a multipurpose token for all chains

Ethereum layer 2 development company Polygon proposed upgrading its internal MATIC (MATIC) token into a multipurpose token that can be utilized to confirm multiple chains.The proposition for MATICs technical upgrade is subject to approval from the Polygon neighborhood. When approved, MATICs upgrade to a multipurpose token will result in its relabeling to POL.According to the announcement shared with Cointelegraph, POLs energy will cover all the Polygon protocols, which includes Polygon PoS, zkEVM and Supernets. Related: Polygon proposes architecture for Polygon 2.0, including aggregator bridgeIn May, Polygon co-founder Sandeep Nailwal said that Web3 video gaming will eventually end up being one of the biggest drivers of mass crypto adoption.

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