Crypto.org announced on Friday that "Crypto.org Coin", utility token of Crypto.org Chain and Cronos EVM Chain, has been rebranded to Cronos ($CRO). The network said the name change reflects the decentralised nature of the CRO token and the massive growth of its ecosystem. The Cronos Chain, launched in November 2021, is Web3 oriented and was built for the creator's economy.