Mihailo Bjelic, a co-founder of the Ethereum Layer-2 scaling solution Polygon, has stepped down from his day-to-day duties and board position at Polygon Foundation, marking the third founding member's exit from the project since its inception in 2019. This leadership change leaves Sandeep Nailwal as the sole remaining active original founder.
Bjelic cited divergent visions regarding the project's future as a primary reason for his resignation but remains proud of Polygon's technological advancements. Despite stepping back, he plans to stay engaged in the broader crypto space in a different capacity.
The departures of Bjelic, along with earlier exits by Jaynti Kanani and Anurag Arjun, come during a pivotal period for Polygon. Observers note possible impacts on governance, strategic direction, and the ecosystem's competitive position within Layer-2 solutions.
Industry figures, including Nailwal and others, have acknowledged Bjelic's crucial role in Polygon's growth. Recent developments involving Polygon include partnerships with major entities such as Jio Platforms in India and the launch of tokenized real estate trading via DigiShares on Polygon's network.
The crypto community awaits further details on how Polygon’s roadmap, zero-knowledge technology initiatives, and token migration plans might evolve under Nailwal’s leadership in light of the founder departures.