Polygon Co-Founder Mihailo Bjelic Steps Down, Remains In Crypto

HomeNews* Mihailo Bjelic has stepped down from his board role at Polygon Foundation and will reduce involvement in day-to-day operations.

• Bjelic stated he will continue to support Polygon and remain active in the crypto sector.
• The resignation has drawn reactions across the project, with co-founder Sandeep Nailwal and industry figures recognizing Bjelic’s impact.
• Other early Polygon Labs founders, Jaynti Kanani and Anurag Arjun, have also left the company in the past two years.
• Bjelic resigned after notable developments at Polygon, including partnerships with DigiShares and Jio Platforms. Mihailo Bjelic, a co-founder of the Ethereum layer-2 scaling project Polygon, announced his departure from the Polygon Foundation board on May 23. He also shared that he will no longer be involved in daily operations at Polygon Labs, although he plans to stay engaged in the wider crypto industry.

• Advertisement - Bjelic made the announcement through a post on X, saying that his decision came after reflection. He noted that as projects mature, visions can change. “After much thought and reflection, I’ve decided to step down from the board of the Polygon Foundation and wind down my day-to-day involvement with Polygon Labs,” he wrote. Bjelic added that he will continue to support Polygon and remain passionate about crypto.

Sandeep Nailwal, another co-founder, recognized Bjelic’s contributions, stating that Bjelic has been a driving force behind Polygon’s growth. Marc Zella from the Aave-chan Initiative called the resignation a significant loss for Polygon. Leon Stern, head of marketing at Polygon, expressed thanks for Bjelic’s work, and Skale Network CEO Jack O’Holleran commented that Bjelic should be proud of what he has accomplished. “Thanks for everything you’ve done for Polygon, and best of luck,” Stern said.

Over the last two years, other founding members have also left their posts. Jaynti Kanani and Anurag Arjun, both early founders, stepped away from Polygon Labs. Arjun’s exit matched the launch of Avail as a separate entity, which he now leads.

Bjelic’s resignation follows several important events for Polygon. In March, DigiShares announced plans to bring tokenized real estate to Polygon’s blockchain through its platform, RealEstate.Exchange (REX). In January, Jio Platforms, owned by Mukesh Ambani, formed a partnership with Polygon Labs to add blockchain and Web3 features to its services. Bjelic has not yet shared his next career steps.

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