Saturday, December 9, 2023

Polygon Co-Founder Jaynti Kanani Steps Down From Post, Commits Sidelines Support.

Jaynti Kanani, the co-founder of Ethereum layer 2 Polygon, has announced that he is taking a break “from the day-to-day grind” of maintaining the network.

In a post on X (formerly Twitter) on Wednesday, Kanani, who co-founded Polygon with Sandeep Nailwal and Anurag Arjun in 2017, detailed his plans. He said that about six months ago, he “decided to step back” and that he would be “focusing on new adventures” while still cheering for Polygon and making contributions from the stands. Jaynti Kanani, the co-founder of Ethereum layer 2 Polygon, has announced that he is taking a break “from the day-to-day grind” of maintaining the network.

In a post on X (formerly Twitter) on Wednesday, Kanani, who co-founded Polygon with Sandeep Nailwal and Anurag Arjun in 2017, detailed his plans. According to him, he “decided to step back” approximately six months ago and would now be “focused on other adventures while continuing to support and contribute to Polygon from the sidelines.

In response to the post, co-founder Sandeep Nailwal wrote, “I wish we could’ve done more for longer together on this wild trip that is Polygon. However, you have to go about your business.

The network’s creator, Polygon Labs, reorganized its executive team in July, promoting chief legal officer Marc Boiron to CEO and promoting president Ryan Wyatt to an advisory position.

The native token of the network, MATIC, is now unaffected by the announcement, holding steady in the $0.55-0.58 range that it has maintained since the beginning of the month. Its price is $0.58 as of this writing, up 3.5% over the previous day.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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