Polygon Co-Founder Jaynti Kanani Steps Down After Six Years
Jaynti Kanani, the co-founder of Ethereum layer 2 solution Polygon, has revealed that he is taking a step back "from the day-to-day grind" in the project after dedicating six years to its development and growth.
In an Oct. 4 X post, Kanani said he "decided to step back" about six months ago and that he would be "focusing on new adventures while still cheering and contributing to Polygon from the sidelines."
Jaynti Kanani, along with a team of software engineers including Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic, played a crucial role in founding the Matic network in 2017. The project was later rebranded to Polygon and has since become a prominent Ethereum layer 2 scaling solution.
"Man, this makes me emotional," said co-founder Sandeep Nailwal, responding to the post. "What a ride we've had together, brother. But it's just the start for Polygon. I wish we could've done more for longer together in this crazy journey that is Polygon. But hey, you got to do what you got to do."
Polygon has a considerable number of co-founders, and some of them have taken on different roles and projects within the ecosystem. Arjun, for example, left Polygon in March when the blockchain data availability protocol Avail was spun off from the project. This demonstrates the dynamic and evolving nature of the cryptocurrency and blockchain space, where individuals and teams often explore different avenues and initiatives to contribute to the ecosystem's growth and development.
Also, in July, Polygon Labs, the company behind the Polygon blockchain, made significant management changes. Marc Boiron, who previously served as Chief Legal Officer, was promoted to the role of CEO.
Ryan Wyatt, who held the position of president, stepped down at the
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