#Polygon

Polygon Labs has announced plans for a new, more decentralized governance model as part of its upcoming Polygon 2.0 roadmap. The team has proposed "three governance pillars" that will manage the core protocol, smart contracts, and a community treasury. Key features include an expanded Polygon Improvement Proposal (PIP) framework, an ecosystem council to manage system smart contract upgrades, and a two-phase community treasury governance model to fund promising projects.

Web3 gaming platform is launching a Layer 2 blockchain testnet, Immutable zkEVM, to reduce dependence on a single network infrastructure. The platform utilizes Polygon Supernets, which facilitate the creation of application-specific blockchains.

The freshly minted line-up of collectible avatars, titled 'Retro Reimagined', is scheduled for a grand unveiling on July 26 at 3:00 pm Eastern Time. In the tradition of previous releases, this series will also make its debut on the Polygon blockchain. Users will have the ability to exchange these Non-Fungible Tokens (NFTs) via various external trading applications On top of that, Reddit has given some tantalizing hints about future modifications coming to its treasure trove of collectible items. In the not too distant future, this store will be directly accessible from the avatar editing interface. At present, the store's offering is somewhat limited, with only a handful of third-generation selections available for purchase, each carrying a price tag of $4.99.