AtlantisFX | The Ethereum (ETH) -based securities token platform Polymath intends to discontinue its two planned in-house projects to further focus on bringing securities to the blockchain, the company said in a blog post on July 4.
Polymath plans to use the company's newly released resources for its Polymath Token Studio. This is a decentralized application (dApp) that allows the issuance of over 130 security tokens so far, the company said in the announcement.
As part of the announcement, Polymath has fired 10 people who have worked on the two discontinued projects. The company has not provided any information about the stopped projects or the jobs of the employees.