Polygon ID Spins Off From Polygon Labs, Rebrands as Privado ID

IconCryptoNewsTerminal Staff13 Jun, 2024

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Polygon ID Spins Off From Polygon Labs, Rebrands as Privado ID

Polygon ID, the decentralized identity solution previously operated by Polygon Labs, has spun off into a separate entity and rebranded as Privado ID. The move aims to provide greater autonomy and flexibility for the development of the Privado ID platform. Privado ID supports all EVM-compatible networks and plans to extend support to non-EVM networks in the future. This enhanced interoperability will enable Privado ID to cater to a wider range of blockchain ecosystems and use cases. The rebranding to Privado ID signifies the platform's evolution beyond Polygon's ecosystem. Privado ID will continue to offer its decentralized identity services while exploring collaborations and integrations with various blockchain projects and applications.

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