Mihailo Bjelic has officially announced his resignation as co-founder of Polygon, marking the third recent leadership change at the company.
Announcement of Transition
Mihailo Bjelic, a prominent figure in the crypto community, shared his decision via X. His departure highlights ongoing leadership changes at Polygon, drawing interest from investors and developers.
History of Polygon and its Co-Founders
Bjelic co-founded Polygon alongside Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun. He expressed gratitude for the journey since 2019. Prior to this moment, two co-founders had already left, indicating significant turnover in leadership.
Potential Market Implications
It remains unclear how these leadership changes will affect Polygon's operations and strategy. Historically, such exits can create uncertainty in market sentiment, but there has been no official word yet on an immediate impact on Polygon's financial or institutional aspects. The primary asset under focus is Polygon’s token, which recently transitioned from MATIC to POL.
Mihailo Bjelic's departure serves as another reminder of the challenging times for Polygon. The company’s next steps are expected to be closely monitored by both investors and market participants.
