The CEO of Altcoin, Shown Among the Best Layer-2 Projects, Changed! Important Strategic Moves Are Coming! Here Are the Details

Polygon co-founder Sandeep Nailwal has officially taken over as CEO of the Polygon Foundation, marking a new era for the Ethereum scaling project with a decisive shift in strategic priorities. Polygon Co-Founder Sandeep Nailwal Appointed CEO of Polygon Foundation, Announces Major Strategic Overhaul Nailwal, who until now served as the project’s chief operating officer, is assuming unilateral control of the foundation and is moving quickly to restructure and refocus the organization. In a statement today, the foundation described the transition as “from a more passive chapter in Polygon’s history to a focused and ambitious vision of the future under founder leadership.” Key changes under Nailwal’s leadership include: Accelerated rollout of Polygon Agglayer, the network’s long-awaited cross-chain aggregation layer. Version 0.3 is scheduled to go live by the end of June, with a full launch to follow. Transformation of the Polygon PoS chain to GigaGAS, a high-throughput chain targeting 100,000 transactions per second. The GigaGAS upgrade is already live on testnet. The deprecation of the Polygon zkEVM chain, which will be phased out over the next 12 months. The Foundation will continue to operate the chain’s sequencer during this time and provide grants to projects migrating to other Polygon environments. Nailwal explained his decision in a post he made on social platform X: “I have always stayed away from stepping into a CEO role because I have focused on building Polygon as a decentralized foundation. But right now Polygon needs a clear direction and focused execution, and that means stepping forward.” Nailwal’s leadership comes after Polygon co-founder Mihailo Bjelic recently left the project, leaving Nailwal as the only co-founder still actively involved in the project. Previous co-founders Jaynti Kanani and Anurag Arjun stepped down in 2023. Founded in 2017 as Matic Network, Polygon has been at the forefront of Ethereum scaling technologies, particularly in areas such as zero-knowledge aggregation and proof-of-stake innovation. *This is not investment advice. Continue Reading: The CEO of Altcoin, Shown Among the Best Layer-2 Projects, Changed! Important Strategic Moves Are Coming! Here Are the Details

Source: BitcoinSistemi