A co-founder of Polygon, Jaynti Kanani, has announced his decision to step back from his active role in the project.
He announced this on X (formerly Twitter), declaring that he decided this approximately six months ago and will hence henceforth concentrate on new things while still backing Polygon from the sideline.
Kanani’s decision was understood by Sandeep Nailwal, another co-founder of Polygon, who said he wished they could have continued working together for some more time.
In July, the company behind the network, Polygon Labs also experienced a leadership change. The chief legal officer, Marc Boiron, has been named the new CEO, while the previous president, Ryan Wyatt, has moved to an advisory position.
The departure of Jaynti Kanani from Polygon’s active role is a notable change, but the stability of the MATIC token suggests that the project continues to hold investor confidence.
Also Read: Polygon Refutes Allegation of Transferring 6M MATIC Tokens On Binance
