Mihailo Bjelic, co-founder of Polygon, has announced his departure from the Polygon Foundation board, sparking active discussions within the cryptocurrency community.
Announcement of Resignation
Mihailo Bjelic announced his decision to step down from the Polygon Foundation board via a post on X on May 23, 2025. In his message, he also noted that he would wind down his day-to-day involvement with Polygon Labs. Bjelic expressed pride in the project's achievements since its inception in 2019, highlighting significant breakthroughs in zero-knowledge technology and onboarding major brands.
Brief Biography
Bjelic entered the cryptocurrency space in 2013, delving deeper into the ecosystem by 2017. He co-founded Polygon, a layer-2 scaling solution on Ethereum, alongside Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun. The project, which became one of the most popular proof-of-stake blockchains in 2023, was originally called Matic Network.
Community Reaction
Following Bjelic's announcement of his departure, his Polygon colleague Sandeep Nailwal expressed his loyalty and gratitude, noting Bjelic's significance as both a co-founder and a friend: "More than a co-founder, you’re a brother. From the earliest days... you have been a force behind so much of what makes Polygon what it is today."
Mihailo Bjelic's exit from the Polygon Foundation highlights changes within the project team. Despite his absence from active roles, Bjelic expresses confidence in Polygon's future and plans to provide support from the sidelines.
