The decision was given as “diverging visions.” In the last two years, other co-founders Jaynti Kanani and Anurag Arjun had also left the project.
In his announcement on X (formerly Twitter), Bjelic said, “As projects develop and mature, visions can change and even diverge. As a result, I no longer feel I can contribute to Polygon in the best way possible.” However, Bjelic maintained his confidence in the project, saying, “I believe Polygon leadership is committed to making the project a success. I will always support from the sidelines.”
Related News: Massive Whales Executed Transactions Worth Millions of Dollars Today: Here Are the Altcoins They Bought and Sold
Bjelic is leaving his roles at Polygon Labs, Polygon’s main development studio, and the Polygon Foundation. He co-led the project, which was founded in 2017 as an Ethereum-based Layer-2 solution called Matic Network, with Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun.
Polygon has made significant R&D contributions to date in areas such as zero-knowledge proof and proof-of-stake. In late 2024, a token migration was launched as part of the Polygon 2.0 roadmap, where MATIC tokens were swapped 1:1 for POL tokens. This migration aimed to expand the use of the network’s native token in areas such as gas fees, staking, and infrastructure systems (e.g. AggLayer).
*This is not investment advice.
Continue Reading: The Founder of This Altcoin Suddenly Left the Project: Explained the Reason
