• Polygon (MATIC) co-founder Anurag Arjun announced on Thursday that he is leaving the company to work on another project.
• Sandeep Nailwal, another Polygon co-founder, said that it’s not a „goodbye.“
• MATIC had no significant reaction to the news of Arjun’s departure announcement.
Anurag Arjun, one of Polygon’s co-founders, announced on Thursday that he is leaving the company to work on another project. This comes just 10 days before the launch of their zkEVM scaling solution.
Arjun will be working on Avail, a modular blockchain optimized for data availability. This project used to belong to Polygon Labs and Polygon Foundation but will now be spun off and exist independently with Arjun as its founder.
Polygon has been one of the biggest winners in the cryptocurrency world over the past few years. With multiple Ethereum scaling solutions in production, they are set to become a layer 2 powerhouse in the near term future.
Sandeep Nailwal, another Polygon co-founder, said on Twitter that Arjun’s departure isn’t a „goodbye.“ He also said that without his leadership and technical vision, The Polygon protocol would not be what it is today.
MATIC had no significant reaction to the news of Arjun’s departure announcement and is currently trading at around $1.18, up 3.9% in the past 24 hours according to CoinGecko data.
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