18.4 C
New York
Tuesday, June 17, 2025

Polygon Co-Founder Mihailo Bjelic Steps Down, Plans to Keep in Crypto Area

Must read

Key Takeaways:

  • Mihailo Bjelic has stepped down from the Polygon Basis however signaled he’ll keep energetic within the crypto house.
  • His departure follows two different high-profile exits, although Polygon continues pushing ahead with new initiatives just like the Agglayer Breakout Program.
  • Business figures praised Bjelic’s contributions, highlighting his key position in shaping Polygon’s development and affect.

Mihailo Bjelic, one of many driving forces behind Ethereum scaling resolution Polygon, has formally stepped down from his position on the Polygon Basis.

In a put up shared Could 23 on X, Bjelic introduced he would wind down his day-to-day involvement with the undertaking however hinted that his journey in crypto is way from over.

“After a lot thought and reflection, I’ve determined to step down from the board of the Polygon Basis and wind down my day-to-day involvement with Polygon Labs,” Bjelic wrote.

“As initiatives evolve and mature, it’s pure for visions to evolve, and typically diverge.”

Bjelic Says He Stays Dedicated to Crypto

Whereas Bjelic didn’t present a roadmap for his subsequent steps, he made it clear that he stays dedicated to the broader crypto business.

“You’ll possible nonetheless see me round,” he stated, signaling continued curiosity in blockchain improvement past Polygon.

His departure drew responses from throughout the crypto house. Fellow co-founder Sandeep Nailwal praised Bjelic’s position in shaping the protocol, saying he was “a pressure behind a lot of what makes Polygon what it’s at present.”

Leon Stern, Polygon’s head of selling, added, “Thanks for all the pieces you’ve performed for Polygon, and better of luck.”

It’s exhausting to place into phrases what you imply to me and to Polygon. Greater than a co-founder, you’re a brother. From the earliest days — whiteboards stuffed with concepts, infinite whitepapers, governance frameworks, technique calls deep into the night time — you have got been a pressure behind a lot of…

— Sandeep | Polygon (※,※) (@sandeepnailwal) Could 23, 2025

Business friends weighed in as effectively. Aave-chan Initiative founder Marc Zella known as the transfer a “Massive L for Polygon,” whereas Skale Community CEO Jack O’Holleran applauded Bjelic’s influence and expressed optimism about his future endeavors.

Bjelic’s resignation marks the third high-profile exit from the corporate in two years, following earlier departures by Polygon Labs’ Jaynti Kanani and Anurag Arjun.

Arjun’s exit coincided with the launch of Avail, a knowledge availability and consensus layer that now operates as a standalone entity below his management.

Regardless of the management modifications, Polygon has remained energetic in onboarding new use circumstances.

In January, Jio Platforms—owned by Mukesh Ambani—teamed up with Polygon Labs to combine Web3 capabilities into its providers.

In March, RWA platform DigiShares launched RealEstate.Alternate (REX) on Polygon, aiming to tokenize actual property buying and selling.

Polygon Introduces the Agglayer Breakout Program

Final month, the group behind the Polygon blockchain introduced the Agglayer Breakout Program to launch high-value chains that can contribute to Agglayer’s community results.

The aggregation layer, or AggLayer, is a cross-chain settlement layer developed by Polygon Labs and its collaborators, launched in early 2024, adopted by v0.2 in early 2025.

Polygon Basis and Polygon Labs are backing the novel program. The objective is to launch “high-impact initiatives that drive vital exercise” to Agglayer and Polygon PoS, its proof-of-stake sidechain for Ethereum.

The put up Polygon Co-Founder Mihailo Bjelic Steps Down, Plans to Keep in Crypto Area appeared first on Cryptonews.

More articles

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 comments
Oldest
New Most Voted
Inline Feedbacks
View all comments

Latest News