Polygon Co-Founder Steps Down After 6 Years, Embarks On 'New Adventures'

Jaynti Kanani, Polygon's MATIC/USD co-founder, has revealed his decision to take a step back from his active role in the project, marking his first break in six years.

According to a tweet on Oct. 4, Kanani intends to embark on "new adventures" and will continue to support Polygon, albeit "from the sidelines."

The platform, initially named Matic network when established in 2017 by Kanani and other software engineers like Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic, underwent a rebranding to become Polygon.

Nailwal reacted to Kanani's decision, saying, "What a ride we’ve had together brother. But its just the start for Polygon."

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.
Lets keep pushing Polygon ahead together,…

— Sandeep Nailwal | sandeep. polygon 💜 (@sandeepnailwal) October 4, 2023

As the crypto community discusses these developments, it's worth noting that insights into the future of digital assets will be shared at Benzinga's Future of Digital Assets conference on Nov. 14.

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Polygon's journey has seen many milestones, with its website showcasing 10 co-founders, some of whom are still actively participating in side projects.

Notably, Arjun left Polygon earlier this year, leading to the creation of the blockchain data availability protocol, Avail. Meanwhile, Polygon Labs has been welcoming proposals since June to evolve the network into Polygon 2.0.

This upgraded version aims to incorporate zero-knowledge proofs and will consist of four distinct protocol layers.

As of now, the focus remains on realizing the vision of "bringing Polygon 2.0 to life."

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