Polygon Co-Founder Bjelic Steps Down Amid Major Project Changes

Mihailo Bjelic, one of the four co-founders of Polygon, has announced his departure from the blockchain project. Bjelic, who was instrumental in the establishment of Polygon, formerly known as Matic Network, has decided to step down from his role on the Polygon Foundation board and from daily operations. This exit follows the departure of two other co-founders, Jaynti Kanani and Anurag Arjun, who left in 2023.

Bjelic's decision to step back is attributed to the maturing of the project and differing visions for its future. In a statement posted on the social platform X, Bjelic expressed his intention to continue supporting Polygon's development in other capacities, despite his withdrawal from active roles. This move occurs at a critical juncture for Polygon, as the project is undergoing significant changes with the implementation of the Polygon 2.0 roadmap. This roadmap aims to unify the ecosystem under a broader vision, marking a major shift in the project's direction.

The departure of Bjelic raises questions about the future leadership and strategic direction of Polygon. As one of the key figures in the project's early development, his exit could signal a period of transition and potential realignment of goals. However, Bjelic's continued support for Polygon suggests that his influence and expertise will remain valuable to the project, even if in a different capacity.

The exit of multiple co-founders within a short period highlights the challenges and complexities of managing a rapidly evolving blockchain project. Polygon's leadership will need to navigate these changes carefully to ensure the project's continued success and growth. The departure of Bjelic and other co-founders may also prompt a reevaluation of the project's governance structure and decision-making processes, as the team works to maintain stability and momentum in the face of these leadership changes.