Mihailo Bjelic, co-founder of Ethereum layer-2 scaling resolution Polygon, has stepped down from his function at Polygon however suggests he’ll keep energetic within the crypto trade in some capability.
His resignation drew reactions throughout Polygon and the broader crypto neighborhood, with a number of seeing it as a major loss for Polygon, which has been tied to a number of main developments in current 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 stated in a Might 23 X submit.
“I’ll all the time be cheering from the sidelines and supporting nonetheless and at any time when I can,” Bjelic added.
Fellow Polygon co-founder, Sandeep Nailwal, counseled Bjelic’s contributions over time, including that Bjelic has all the time been “a drive behind a lot of what makes Polygon what it’s right this moment.”
Bjelic stated that he stays “as passionate as ever” about crypto, and recommended he’ll keep energetic within the crypto trade.
“You’ll possible nonetheless see me round,” Bjelic stated.
Aave-chan Initiative founder Marc Zella stated it was a “Large L for Polygon.” Polygon’s head of selling Leon Stern stated the corporate goes to overlook Bjelic. “Thanks for every little thing you’ve performed for Polygon, and better of luck,” Stern stated. In the meantime, Skale Community CEO Jack O’Holleran stated Bjelic ought to “be very proud” of all he has completed at Polygon and is worked up 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 knowledge 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 completely shifted — Polygon founder
Bjelic’s resignation follows a number of main bulletins tied to Polygon this yr.
On March 25, Actual-world asset (RWA) tokenization platform DigiShares introduced it might convey tokenized actual property buying and selling to Polygon with the launch of RealEstate.Change, also referred to as REX.
Simply two months earlier than, on Jan. 16, Jio Platforms, an Indian cell community 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.
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