Key Points:
- Jaynti Kanani’s departure after six years of active involvement.
- Ongoing development of Polygon 2.0 with a focus on zero-knowledge proofs.
- MATIC token’s stability despite leadership changes.
After six years of active involvement, Jaynti Kanani, one of Polygon’s co-founders, has recently revealed his decision to scale back his day-to-day engagement with the project.
This announcement coincides with the ongoing development efforts for Polygon 2.0, a project aimed at seamlessly incorporating zero-knowledge proofs into the platform.
Kanani’s Announcement of His Departure from Polygon
Kanani, who played a pivotal role in the birth and growth of Polygon, made his departure announcement on platform X. He expressed his desire to embark on “new adventures” while continuing to indirectly contribute to Polygon. This decision follows his dedicated six-year involvement in the project.
After kickstarting Polygon in 2017, around 6 months back, I decided to step back from the day-to-day grind.
I’m more confident in Polygon’s bright future and passionate community. I’ll be focusing on new adventures while still cheering and contributing to Polygon from the…
— Jaynti Kanani (JD) (@jdkanani) October 4, 2023
The Polygon community responded to this news with mixed emotions. Sandeep Nailwal, a fellow co-founder and software engineer, commented, “Man, this makes me emotional. What a journey we’ve had together, brother. Although it’s just the beginning for Polygon, I wish we could have continued this wild ride together for longer. But hey, you’ve got to follow your path.”
This development follows the recent restructuring of Polygon Labs in July, with Marc Boiron taking on the role of CEO and former President Ryan Wyatt transitioning into an advisory capacity. Anurag Arjun, another co-founder, had previously left the company in March as Polygon spun off its modular blockchain project, Avail.
Polygon 2.0 Progresses Amid Leadership Changes
Despite the leadership changes and Kanani’s reduced involvement, Polygon 2.0 remains a central focus for the project’s future. Last month, Polygon officially proposed updates to the upgrade, which was initially introduced in June. Kanani has pledged to continue contributing from the sidelines, maintaining his bullish outlook on Polygon 2.0.
Developers are actively working on realizing Polygon 2.0, a project encompassing four protocol layers, each dedicated to staking, interoperability, execution, and proofing. Polygon 2.0 aims to introduce a new level of sophistication and efficiency to the world of blockchain technology.
Meanwhile, the news of Kanani’s transition has had a relatively minimal impact on Polygon’s native token, MATIC. The token’s price has remained stable, fluctuating within the $0.55 to $0.58 range. At the time of writing, it stands at $0.56, reflecting a 1.1% increase over the last 24 hours.
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