Polygon's Co-founder Jaynti Kanani Takes a Step Back

By: Eva Baxter

Jaynti Kanani, one of the co-founders of Polygon, has announced his resignation from day-to-day activities of the project, after founding it in 2017 alongside software engineers Sandeep Nailwal, Anurag Arjun and Mihailo Bjelic. Polygon, initially known as Matic network, is a layer 2 scaling solution for Ethereum, enhancing its speed and efficiency. Kanani disclosed his decision on social media, expressing a desire to pursue new adventures while still contributing to Polygon “from the sidelines.”

Kanani’s decision led other co-founders to express their thoughts, with Sandeep Nailwal calling it an emotional moment and further sharing his optimism for Polygon’s future. Kanani had previously retreated from his day-to-day responsibilities six months ago. His departure doesn't necessarily mean an end to his relationship with Polygon as he plans to contribute 'from the sidelines'.

Meanwhile, Polygon Labs has started accepting improvement proposals for transitioning the network to Polygon 2.0, a new ecosystem using zero-knowledge proofs and split into four protocol layers focused on staking, interoperability, execution, and proving. The development on the upcoming Polygon 2.0 is still in progress.