#CryptoMarketWatch Interesting fact about Polygon (MATIC):
Polygon was originally called Matic Network and operated solely as a Layer 2 solution for scaling Ethereum. However, in 2021, the team underwent a complete rebranding, changing the name to Polygon to reflect the project's expanded capabilities. Now it not only supports Ethereum but also develops a whole ecosystem of blockchain solutions, including its own independent networks and technologies for scaling Web3.
However, despite the rebranding, the token retained its old name — MATIC, which sometimes confuses newcomers!