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Mihailo Bjelic, co-founder of Ethereum layer-2 scaling answer Polygon, has stepped down from his position 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 group, with a number of seeing it as a big 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 said in a Could 23 X put up.
“I’ll at all times be cheering from the sidelines and supporting nevertheless and each time I can,” Bjelic added.
Fellow Polygon co-founder, Sandeep Nailwal, recommended Bjelic’s contributions through the years, adding that Bjelic has at all times been “a drive behind a lot of what makes Polygon what it’s right this moment.”
Bjelic mentioned that he stays “as passionate as ever” about crypto, and prompt he’ll keep energetic within the crypto trade.
“You’ll doubtless 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 thing you’ve performed 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 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, changing into an unbiased 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 will deliver tokenized real estate trading to Polygon with the launch of RealEstate.Change, often known as REX.
Simply two months earlier than, on Jan. 16, Jio Platforms, an Indian mobile network operator owned by Asia’s richest individual, Mukesh Ambani, partnered with Polygon Labs to improve a few of its present choices with Web3 and blockchain capabilities.
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