Polygon Co-Founder Mihailo Bjelic Exits Layer 2

Mihailo Bjelic, one of the four co-founders of Polygon, is exiting the network. Bjelic made the announcement on X , “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 said. With Bjelic’s exit, co-founder Sandeep Nailwal becomes the last remaining member of the original founding team. Nailwal acknowledged Bjelic’s contributions to the network and wished him luck for the future. The layer 2 network, which was original known as Matic, was formed by Jaynti Kanani, Sandeep Nailwal, Mihailo Bjelic and Anurag Arjun. As of writing, Polygon’s POL is down 5% in the last 24 hours, trading over 23 cents.

Source: CoinDesk