Mihailo Bjelic, co-founder of Ethereum layer-2 scaling resolution Polygon, has stepped down from his position at Polygon however suggests he’ll keep lively within the crypto business in some capability.
His resignation drew reactions throughout Polygon and the broader crypto neighborhood, with a number of seeing it as a loss for Polygon, which has been tied to a number of main developments in latest months.
Bjelic winds down ‘day-to-day involvement’
“After a lot thought and reflection, I’ve determined to step down from the board of the Polygon Basis and wind down my day-to-day involvement with Polygon Labs,” Bjelic said in a Could 23 X publish.
“I’ll at all times be cheering from the sidelines and supporting nevertheless and at any time when I can,” Bjelic added.
“As initiatives evolve and mature, it’s pure for visions to evolve, and typically diverge. With this in thoughts, I can now not contribute to Polygon to one of the best of my talents.”
Fellow Polygon co-founder, Sandeep Nailwal, counseled Bjelic’s contributions through the years, adding that Bjelic has at all times been “a pressure behind a lot of what makes Polygon what it’s at present.”
Bjelic mentioned that he stays “as passionate as ever” about crypto, and advised he’ll keep lively within the crypto business.
“You’ll seemingly nonetheless see me round,” Bjelic mentioned.
Aave-chan Initiative founder Marc Zella said it was a “Large L for Polygon.” Polygon’s head of promoting Leon Stern said the corporate goes to overlook Bjelic. “Thanks for every little thing you’ve achieved for Polygon, and better of luck,” Stern mentioned. In the meantime, Skale Community CEO Jack O’Holleran said Bjelic ought to “be very proud” of all he has achieved at Polygon and is happy to see what he does subsequent.
Over the previous two years, two of Polygon Labs’ early founders, Jaynti Kanani and Anurag Arjun, additionally stepped away from the corporate.
Arjun’s departure coincided with the Polygon spin-off Avail, a Web3 information availability and consensus layer, turning into an impartial entity, with Arjun taking the lead.
Bjelic has but to disclose his subsequent plans.
Associated: Crypto market cycle permanently shifted — Polygon founder
Bjelic’s resignation follows a number of main bulletins tied to Polygon this 12 months.
On March 25, Actual-world asset (RWA) tokenization platform DigiShares introduced it might convey tokenized real estate trading to Polygon with the launch of RealEstate.Alternate, often known as REX.
Simply two months earlier than, on Jan. 16, Jio Platforms, an Indian mobile network operator owned by Asia’s richest particular person, Mukesh Ambani, partnered with Polygon Labs to improve a few of its current choices with Web3 and blockchain capabilities.
Journal: AI cures blindness, ‘good’ propaganda bots, OpenAI doomsday bunker: AI Eye
