Polygon Co Founder Jaynti Kanani Steps Back From Leading Role, Move to Advisory Position

Polygon Co-Founder Jaynti Kanani Steps Back From Leading Role, Move to Advisory Position

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A founding developer of leading Ethereum scaling solution Polygon, Jaynti Kanani, has announced he is stepping back from his active role guiding the project after nearly 6 years.

In a tweet on October 4th, Kanani said he decided approximately six months ago to exit his day-to-day involvement with Polygon and shift focus to new ventures.

However, he emphasized that he remains confident in Polygon’s future growth and will continue contributing to and supporting the network in an advisory capacity.

End of an Era at Polygon

Jaynti Kanani co-created Polygon along with Sandeep Nailwal in late 2017 as the Matic Network, before rebranding to Polygon in early 2021.

Kanani served as the project’s Chief Operations Officer and Core Developer, overseeing many aspects of Polygon’s rapid growth into a top Ethereum scaling contender.

His decision concludes his full-time tenure guiding Polygon from its formative days as an obscure Layer 2 solution to now handling over one million daily transactions.

Recent Leadership Shifts

In July 2022, Polygon Labs appointed former Disney executive Marc Boiron as its new CEO, while fellow co-founder Ryan Wyatt moved into an advisory role similar to Kanani’s transition.

These moves signify a shift from Polygon’s technical founding team to professional business leadership as the network matures.

But Polygon stressed that its creators remain actively engaged in advisory capacities to ensure continuity of the project’s core vision and values.

Polygon Poised for Continued Growth

The stability of Polygon’s native MATIC token following Kanani’s update suggests investors remain confident in the network’s strength as daily transaction volumes continue setting records.

With co-founder Nailwal still at the helm along with an expanding team of core developers, Polygon appears well-positioned to keep gaining traction as a leading Ethereum scaling solution, even as its founding generation steps back from daily operations.