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Polygon proposes upgrading MATIC into a multipurpose token for all chains

The proposal for MATIC’s technical upgrade is subject to approval from the Polygon community. Once approved, MATIC’s upgrade to a multipurpose token will result in its renaming to POL.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Polygon proposes upgrading MATIC into a multipurpose token for all chains

The proposal for MATIC’s technical upgrade is subject to approval from the Polygon community. Once approved, MATIC’s upgrade to a multipurpose token will result in its renaming to POL.

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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