Polygon Shakes Up: Co-Founder Bjelic Steps Down
Mihailo Bjelic, a key architect of Polygon (MATIC), announces departure from the project, leaving Sandeep Nailwal as the last original founder remaining.
Polygon is experiencing a significant shift in leadership as co-founder Mihailo Bjelic announced his departure from the project. Bjelic revealed his decision to step down from the Polygon Foundation board and reduce his involvement with Polygon Labs via a post on X.
"After much thought and reflection, I’ve decided to step down..."
With Bjelic's exit, Sandeep Nailwal remains as the sole original member leading the charge. Nailwal acknowledged Bjelic's pivotal role in the project's success and wished him well in his future endeavors.
Polygon, initially known as Matic, was co-founded by Jaynti Kanani, Sandeep Nailwal, Mihailo Bjelic, and Anurag Arjun.
Key Takeaways:
- Mihailo Bjelic, Polygon Co-Founder is exiting.
- Sandeep Nailwal is now the last remaining member from the founding team.
- Polygon's POL token saw a dip following the announcement.
Currently, Polygon's POL token is trading at approximately 23 cents, reflecting a 5% decrease in the last 24 hours.
Investment Considerations
As always, investors should consider their risk tolerance and investment timeline before making allocation decisions. Bitcoin remains a volatile asset despite increasing institutional adoption.
This article is for informational purposes only and should not be considered investment advice. Always consult with a qualified financial advisor.