Polygon Announces Council for Decentralized Governance

By: Eva Baxter

Polygon, a notable player in the realm of decentralized finance, has proposed a new form of decentralized governance. The project has named 13 'inaugural members' to its council, forming a protocol council that is an important step towards decentralization.

Officials from reputable cryptocurrency companies like Coinbase and the Ethereum Foundation are among the newly named members. This council is an integral part of Polygon's aim to usher in Governance 2.0, signifying a key shift towards an organizational model that is decentralized, self-governing, and adaptable.