Polygon Labs on Thursday announced that it was going to spin off its Polygon ID division to focus on “core protocol development work”. The developer also said that it will lay off around 19% of its workforce in an attempt to enhance performance. Polygon Labs to spinoff identity division Marc Boiron, CEO of Polygon Labs The post Polygon Labs Announces Plans to Spin Off ID Division; Layoffs Underway appeared first on CoinGape .
![Solana [SOL] Outpaces Ethereum with Record-Breaking Network Speed and 3% Price Surge](https://resources.cryptocompare.com/news/77/30938244.jpeg "Solana [SOL] Outpaces Ethereum with Record-Breaking Network Speed and 3% Price Surge")
