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Jaynti Kanani, a co-founder of Polygon, has recently declared that he will be reducing his daily involvement with the project.
This announcement comes at a time when developers are engaged in the realization of Polygon 2.0, an initiative focused on the seamless integration of zero-knowledge proofs.
Kanani Announces Departure from Polygon
Kanani, who has been instrumental in the establishment and expansion of Polygon, recently shared on X that he would be stepping back from his daily responsibilities in the project. His choice to step away follows six years of active engagement.
He conveyed his intention to pursue “new adventures” while still contributing indirectly to Polygon.
This news elicited a range of reactions within the Polygon community. Sandeep Nailwal, another co-founder and software engineer, remarked, “Man, this makes me emotional. What a ride we’ve had together, brother. But it’s just the start for Polygon; I wish we could’ve done more for longer together in this crazy journey that is Polygon. But hey, you got to do what you got to do.”
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This development follows the recent restructuring of Polygon Labs, which occurred in July. The reorganization resulted in Marc Boiron taking on the role of CEO, while former President Ryan Wyatt transitioned to an advisory position. Anurag Arjun, another co-founder of Polygon, also departed the company in March as Polygon spun off its modular blockchain project, Avail.
Polygon 2.0 in the Works Amid Leadership Changes
Despite the leadership changes and Kanani’s decision to step back, Polygon 2.0 continues to be a primary focus for the project’s future. Last month, Polygon officially proposed modifications for the upgrade, which was initially introduced in June. Kanani assured that he would still contribute from the sidelines, expressing his optimistic outlook on Polygon 2.0.
Developers are actively working on the realization of Polygon 2.0, a project that aims to incorporate zero-knowledge proofs. This initiative comprises four protocol layers, each concentrating on staking, interoperability, execution, and proofing. Polygon 2.0 aspires to introduce a new level of sophistication and efficiency to blockchain technology.
Meanwhile, the news of Kanani’s transition has not notably affected Polygon’s native token, MATIC. The token’s price has remained relatively stable within the $0.55 to $0.58 range, and at the time of writing, it is priced at $0.56, reflecting a 1.1% increase over the past 24 hours.
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