Mihailo Bjelic, co-founder of the Ethereum Layer 2 scaling solution Polygon, has stepped down from his role at Polygon, but he stated that he will continue to be active in the crypto industry in some form.
His resignation has sparked reactions within the Polygon and broader crypto community, with many considering it a significant loss for Polygon, which has been closely associated with several major developments in recent months.
"After careful consideration, I have decided to resign from the board of the Polygon Foundation and reduce my day-to-day involvement with Polygon Labs," Bjelic said in a post on X on May 23.
"I will always be cheering from the sidelines and will provide support whenever possible," Bjelic added.
"As projects evolve and mature, visions naturally change, and sometimes even diverge. With that in mind, I can no longer contribute to Polygon to the best of my ability."
Another co-founder of Polygon, Sandeep Nailwal, praised Bjelic's contributions over the years, stating that Bjelic has been "a key driving force behind Polygon's achievements today."
Bjelic expressed that his passion for the crypto industry "remains unchanged" and hinted that he would continue to be active in the sector.
"You will likely still see me around," Bjelic said.
Marc Zella, founder of the Aave-chan Initiative, stated that this is "a significant loss for Polygon." Polygon's head of marketing, Leon Stern, mentioned that the company will miss Bjelic. "Thank you for everything you've done for Polygon, and good luck," Stern said. Meanwhile, Jack O’Holleran, CEO of Skale Network, noted that Bjelic should "be very proud of what he has achieved at Polygon" and looks forward to seeing his next steps.
In the past two years, two early founders of Polygon Labs, Jaynti Kanani and Anurag Arjun, have also left the company.
Arjun's departure coincided with the spin-off of Avail—a Web3 data availability and consensus layer—becoming an independent entity, where Arjun took on a leadership role.
Bjelic has not disclosed his next plans.
Bjelic's resignation comes after several significant announcements related to Polygon this year.
On March 25, the real-world asset (RWA) tokenization platform DigiShares announced it would bring tokenized real estate transactions to Polygon through the launch of RealEstate.Exchange (REX).
Just two months prior, on January 16, Jio Platforms, the Indian mobile network operator owned by Asia's richest man Mukesh Ambani, partnered with Polygon Labs to upgrade some of its existing products by adding Web3 and blockchain capabilities.
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Original article: “Polygon Co-founder Steps Down, Will ‘Cheer from the Sidelines’”
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