Polygon Co-Founder Bjelic Resigns Amid Major Developments

Mihailo Bjelic, a co-founder of Polygon, an Ethereum layer-2 scaling solution, has announced his resignation from the board of the Polygon Foundation and will be winding down his day-to-day involvement with Polygon Labs. Bjelic, who has been a pivotal figure in the development and success of Polygon, expressed his decision in a post on May 23, stating that he will continue to support the company from the sidelines and remain active in the crypto industry. His departure has sparked reactions across the Polygon community and the broader crypto sphere, with many viewing it as a significant loss for the company.

Sandeep Nailwal, another co-founder of Polygon, acknowledged Bjelic's contributions, describing him as a driving force behind Polygon's achievements. Bjelic's resignation comes at a time when Polygon has been involved in several major developments, including partnerships and new initiatives. For instance, in March, DigiShares announced the launch of RealEstate.Exchange on Polygon, a platform for tokenized real estate trading. Additionally, in January, Jio Platforms, an Indian mobile network operator, partnered with Polygon Labs to enhance its offerings with Web3 and blockchain capabilities.

Bjelic's departure is not the first among Polygon's early founders. Over the past two years, Jaynti Kanani and Anurag Arjun, both early founders of Polygon Labs, have also stepped away from the company. Arjun's exit coincided with the spin-off of Avail, a Web3 data availability and consensus layer, which became an independent entity with Arjun at the helm. Despite these changes, Polygon continues to be a significant player in the crypto industry, with a strong focus on scaling solutions and innovative partnerships.

The reactions to Bjelic's resignation have been mixed, with some expressing concern over the potential impact on Polygon's future. Marc Zella, founder of the Aave-chan Initiative, described it as a "Big L for Polygon," while Leon Stern, Polygon's head of marketing, thanked Bjelic for his contributions and wished him luck in his future endeavors. Jack O’Holleran, CEO of Skale Network, praised Bjelic's accomplishments and expressed excitement about his future projects.

Bjelic has not yet disclosed his next plans, but he has indicated that he will remain involved in the crypto industry. His resignation follows a series of major announcements tied to Polygon this year, highlighting the company's continued growth and innovation despite leadership changes. As Polygon navigates this transition, the crypto community will be watching closely to see how the company adapts and continues to thrive in the ever-evolving landscape of blockchain technology.