Polygon Co-Founder Steps Down for the First Time in 6 Years
- Polygon co-founder Jaynti Kanani has stepped back “from the day-to-day grind” on the blockchain.
- He formed the blockchain along with Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic in 2017.
- He will be contributing to the network “from the sidelines” for the first time in six years.
- “I wish we could’ve done more for longer together in this crazy journey that is Polygon,” Nailwal said.
Jaynti Kanani, the co-founder of Polygon, an Ethereum scaling solution backed by well-known investor and billionaire Mark Cuban, has officially announced that he will step back “from the day-to-day grind” on the blockchain-based project for the first time in six years. The blockchain network rose in popularity during the 2021 crypto market bull run due to its scalability.
Kanani confirmed his decision via a post on his official account on social media platform X (formerly known as Twitter) on October 4. He said that he plans to focus “on new adventures” and added that he will contribute to Polygon “from the sidelines.” It is important to mention here that Kanani formed the blockchain network in collaboration with software engineers Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic in 2017.
“After kick-starting Polygon in 2017, around 6 months back, I decided to step back from the day-to-day grind. I’m more confident in Polygon’s bright future and passionate community. I’ll be focusing on new adventures while still cheering and contributing to Polygon from the sidelines,” Kanani said.
Meanwhile, in a response to the post, Nailwal said, “Man, this makes me emotional.”
“What a ride we’ve had together, brother. But its just the start for Polygon, I wish we could’ve done more for longer together in this crazy journey that is Polygon. But hey, you got to do what you got to do,” Nailwal added.
There are close to 10 people mentioned as the co-founders of the Ethereum scaling solution, and it is crucial to note that many of them are still involved with the platform in some capacity. On the other hand, Arjun departed Polygon in March and created a spin-off blockchain-based data availability protocol called Avail.
As reported earlier by Bitnation, Polygon Labs recently announced a new CEO, Marc Boiron, known for previously leading the legal department at dYdX Trading and also taking on advisory roles at Compound Labs and Uniswap Labs. A new version of the blockchain network is in motion.
A crypto journalist with over 3 years of experience in DeFi, NFT, metaverse, etc. Parth has worked with major media outlets in the crypto and finance world and has gained experience and expertise in crypto culture after surviving bear and bull markets over the years.
