Jaynti Kanani, one of Polygon’s co-founders, recently announced that he would be stepping down from his day-to-day involvement with the project.
The announcement comes as developers participate in Polygon 2.0, a project that aims to seamlessly integrate zero-knowledge proofs.
Al-Kanani announces his departure from Polygon
El-Kanani, who played a pivotal role in the creation and growth of Polygon, recently announced on X that he would be stepping down from his day-to-day involvement with the project. Al-Kanani’s decision to withdraw comes after six years of active participation in it.
He expressed his desire to embark on “new adventures” while indirectly contributing to Polygon.
After launching Polygon in 2017, about 6 months ago, I decided to step back from the day job.
I am even more confident in Polygon’s bright future and its passionate community. I’ll be focusing on new adventures as I continue to encourage and contribute to Polygon from…
-Jinty Kanani (JD) (@jdkanani) October 4, 2023
The announcement was met with a mix of emotions within the Polygon community. “Man, this makes me emotional. What a journey we’ve been on together, bro. But it’s just the beginning for Polygon; I hope we can do more for a longer period of time together on this crazy journey that is Polygon,” said Sandeep Nailwal, fellow co-founder and software engineer. But hey, you gotta do what you gotta do.
This development comes on the heels of Polygon Labs’ recent restructuring, which took place in July. The reshuffle saw Mark Boiron take on the role of CEO and former chairman Ryan White move into an advisory role. Anurag Arjun, another co-founder of Polygon, had also left the company in March when Polygon spun off its blockchain benchmark project, Avail.
Polygon 2.0 is in the works amid leadership changes
Despite the change in leadership and Al-Kanani taking a step back, Polygon 2.0 remains the main focus for the project’s future. Last month, Polygon officially proposed changes to the upgrade, which was initially introduced in June. Al-Kanani stressed that he will continue to contribute from the sidelines, expressing his bullish expectations for Polygon 2.0.
Developers are actively involved in realizing Polygon 2.0, a project that seeks to integrate zero-knowledge proofs. This project consists of four protocol layers, each focused on storage, interoperability, implementation, and auditing. Polygon 2.0 aims to bring a new level of sophistication and efficiency to the world of blockchain technology.
Meanwhile, news of Kanani’s move did not significantly impact Polygon’s native token, MATIC. The price of the token has remained relatively stable within a range of $0.55 to $0.58, and at the time of writing, its price is Situations At $0.56, reflecting a 1.1% increase over the past 24 hours.
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