Polygon Co-founder Mihailo Bjelic Departs Foundation, Reduces Labs Involvement

A significant leadership change within the blockchain sector has recently been announced, as Mihailo Bjelic, a pivotal co-founder of the Polygon network, has confirmed his departure from the Polygon Foundation and a gradual reduction of his operational involvement with Polygon Labs. This development marks a notable shift for one of the most prominent scaling solutions in the cryptocurrency ecosystem.

Reasons Behind the Transition

Bjelic publicly stated that his decision to step down was influenced by an evolving vision for the project’s future, coupled with shifts in his personal aspirations. Despite this transition, he expressed unwavering confidence in Polygon’s current leadership, assuring stakeholders of the team’s capability to successfully drive the project forward. He also pledged his continued support for Polygon in any possible capacity.

Bjelic’s Journey and Polygon’s Achievements

Mihailo Bjelic’s involvement with the cryptocurrency space dates back to 2013, with a full commitment to the industry commencing in 2017. His instrumental role in co-founding Polygon in 2019 contributed significantly to its rise as a leading platform. During his tenure, Polygon made substantial advancements in zero-knowledge technology and forged strategic collaborations with numerous globally recognized brands.

A Co-Founder’s Gratitude

Sandeep Nailwal, another co-founder of Polygon Labs, conveyed his deep appreciation for Bjelic’s contributions, describing him not merely as a colleague but as “a brother.” Nailwal fondly reminisced about Polygon’s early days, recalling collaborative sessions where foundational ideas were conceptualized, strategies debated, and governance models established, underscoring the profound partnership that shaped the network.