Key notes
- Mihailo Bjelic moves away from the Polygon Foundation to pursue other efforts.
- Currently, Sandeep Nailwal is the only co-founder of the Polygon Foundation Board.
- Pol Price recorded a 4% drop after the announcement.
Mihailo Bjelic, one of the co-founders of Polygon, decided to leave the map of the Polygon Foundation. This makes him the third founder to move away from the protocol after Jaynti Kanani and Anurag Arjun. According to his article on X, Bjelic plans to stay, encouraging the polygon from the key line.
Why is Bjelic moving from Polygon leadership?
Although it was not explicitly explained, the co-founder of Polygon recognized that the project had evolved and matured.
Consequently, he noted: “It is natural that visions evolve and sometimes diverge.” The assumption is that its exit from the board of directors of the ecosystem is the divergence it speaks. In addition, Bjelic clearly said that he could no longer contribute to the polygon.
PSA: After a lot of reflection and reflection, I decided to leave the painting of the Polygon Foundation and to finish my daily involvement with Polygon Labs.
I was presented in Crypto in 2013 (damn, the flies of time). In 2017, I was deeply in the rabbit burrow, fascinated by …
– Mihailo Bjelic (@mihailobjelic) May 23, 2025
At the same time, it remains positive on the work that the layer 2 -scale scale built on Ethereum will be in the future. On this note, the crypto innovator promised to show his support from the background.
The release of the Polygon Foundation Board adds Bjelic to the co-founders Jaynti Kanani and Anurag Arjun, who also left their roles active in the Blockchain project some time ago. Arjun was the first to resign as a member of the Board of Directors in March 2023. He left to focus on Vaind, his modular blockchain project, whose main network was put online in 2024.
Seven months later, Kanani also decided that it was time to retire. Today, Sandeep Nailwal is the only co-founder of the protocol board at the Polygon Foundation.
With Nailwal, the four people founded the L2 based in Ethereum eight years ago. Meanwhile, the ecosystem has recorded significant growth. It even went from the Matic Polygone Matic network. More recently, he completed the migration of the Matic to Pol, reflecting his evolution.
“Important breakthroughs in zero knowledge technology to integrate some of the biggest brands in the world, we have made significant progress towards this great vision,” wrote Bjelic on May 23, 2025.
Bjelic said he has been in cryptographic space since 2013.
In light of the last development, the co-founder of Polygon also revealed plans to stop working with Polygon Labs daily.
Is polygon in distress?
The announcement of the release of Bjelic from the Polygon Labs and Polygon Foundation Board sparked certain reactions among the members of the cryptographic community. Several people are disturbed by the outings trend, some concerning the last people as a loss of polygon. This is based on Bjelic’s contributions to major progress recorded by the protocol.
Other entities cite a potential problem with the ecosystem, although no one has been able to support these claims. Polygon encountered difficulties at the beginning of 2025 because it suffered from a drop in network health. Currently, several analysts and observers on the market feared that Pol records a considerable decline.
To date, the POI price was negotiated at $ 0.2368, corresponding to a decrease of 3.72%, probably influenced by the update of Bjelic’s release.
following
Non-liability clause: Coinspeaker undertakes to provide impartial and transparent reports. This article aims to provide precise and timely information, but should not be considered as financial or investment advice. Since market conditions can change quickly, we encourage you to check the information for yourself and consult a professional before making decisions according to this content.
Benjamin Godfrey is a blockchain enthusiast and a journalist who savor the writing of actual applications for blockchain technology and innovations to stimulate general acceptance and global integration of emerging technology. His desire to educate people on cryptocurrencies inspires his contributions to renowned media and blockchain sites.
