Polygon Co-Founder Launches Zisk, Spins Off zkVM Technology

Polygon co-founder Jordi Baylina has officially launched Zisk, a new independent venture focused on advancing zkVM verification technology. This strategic move follows the Polygon Foundation’s decision to phase out its underutilized Zero-Knowledge Proof EVM network. Initially incubated within Polygon Labs since May 2024, Zisk completed its spin-off on June 13, transferring all related intellectual property and the core zkEVM team to SilentSig GmbH, a Swiss entity fully owned by Baylina. Despite the transition, Baylina continues to hold his role as Polygon co-founder and will provide advisory support.

In parallel, Polygon’s CEO and co-founder Sandeep Nailwal announced a strategic shift to discontinue the zkEVM chain. The Foundation plans to redirect resources towards enhancing the Polygon PoS network and accelerating development of the AggLayer cross-chain aggregation protocol. This realignment underscores Polygon’s commitment to optimizing scalability and interoperability within its ecosystem, reflecting a pragmatic approach to resource allocation and technological innovation.

Baylina's decision to launch Zisk as an independent project highlights his confidence in the potential of zkVM technology. By spinning off Zisk, Baylina aims to foster a more focused and dedicated environment for the development and advancement of zkVM verification technology. This move allows Zisk to operate independently, free from the constraints and priorities of the larger Polygon ecosystem, enabling it to pursue its goals with greater agility and innovation.

The transition of the zkEVM team and intellectual property to SilentSig GmbH ensures that the expertise and resources developed within Polygon Labs are preserved and continue to drive progress in zkVM technology. Baylina's advisory role with Polygon ensures that the knowledge and experience gained from his involvement with Polygon will continue to benefit both Zisk and Polygon, fostering a collaborative relationship between the two entities.

Polygon's decision to phase out the zkEVM network and redirect resources towards the Polygon PoS network and AggLayer protocol reflects a strategic realignment of its priorities. By focusing on these areas, Polygon aims to enhance the scalability and interoperability of its ecosystem, addressing key challenges in the blockchain space. This shift demonstrates Polygon's commitment to optimizing its technological infrastructure and ensuring that its resources are allocated effectively to drive innovation and growth.

The launch of Zisk and Polygon's strategic realignment represent significant developments in the blockchain and cryptocurrency landscape. These moves underscore the dynamic nature of the industry, where technological advancements and strategic shifts are constantly reshaping the ecosystem. As Zisk and Polygon continue to evolve, their respective contributions to zkVM technology and blockchain scalability will be closely watched by industry stakeholders and enthusiasts alike.