{"id":129909,"date":"2025-05-24T02:15:35","date_gmt":"2025-05-24T02:15:35","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=129909"},"modified":"2025-05-24T02:15:35","modified_gmt":"2025-05-24T02:15:35","slug":"polygon-faces-big-l-as-co-founder-mihailo-bjelic-steps-down","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=129909","title":{"rendered":"Polygon faces \u2018Big L\u2019 as co-founder Mihailo Bjelic steps down"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsMihailo Bjelic, co-founder of Ethereum layer-2 scaling solution Polygon, has stepped down from his role at Polygon but suggests he will stay active in the crypto industry in some capacity.<br \/>\nHis resignation drew reactions across Polygon and the wider crypto community, with several seeing it as a significant loss for Polygon, which has been tied to several major developments in recent months.<br \/>\nBjelic winds down \u2018day-to-day involvement\u2019<br \/>\n\u201cAfter much thought and reflection, I\u2019ve decided to step down from the board of the Polygon Foundation and wind down my day-to-day involvement with Polygon Labs,\u201d Bjelic said in a May 23 X post.<br \/>\n\u201cI\u2019ll always be cheering from the sidelines and supporting however and whenever I can,\u201d Bjelic added.<br \/>\nFellow Polygon co-founder, Sandeep Nailwal, commended Bjelic\u2019s contributions over the years, adding that Bjelic has always been \u201ca force behind so much of what makes Polygon what it is today.\u201d<br \/>\nSource: Sandeep NailwalBjelic said that he remains \u201cas passionate as ever\u201d about crypto, and suggested he will stay active in the crypto industry.<br \/>\n\u201cYou will likely still see me around,\u201d Bjelic said.<br \/>\nAave-chan Initiative founder Marc Zella said it was a \u201cBig L for Polygon.\u201d Polygon\u2019s head of marketing Leon Stern said the company is going to miss Bjelic. \u201cThanks for everything you\u2019ve done for Polygon, and best of luck,\u201d Stern said. Meanwhile, Skale Network CEO Jack O\u2019Holleran said Bjelic should \u201cbe very proud\u201d of all he has accomplished at Polygon and is excited to see what he does next.<br \/>\nSource: Maggie LoveOver the past two years, two of Polygon Labs\u2019 early founders, Jaynti Kanani and Anurag Arjun, also stepped away from the company.<br \/>\nArjun\u2019s departure coincided with the Polygon spin-off Avail, a Web3 data availability and consensus layer, becoming an independent entity, with Arjun taking the lead.<br \/>\nBjelic has yet to reveal his next plans.<br \/>\nRelated: Crypto market cycle permanently shifted \u2014 Polygon founder<br \/>\nBjelic\u2019s resignation follows several major announcements tied to Polygon this year.<br \/>\nOn March 25, Real-world asset (RWA) tokenization platform DigiShares announced it would bring tokenized real estate trading to Polygon with the launch of RealEstate.Exchange, also known as REX.<br \/>\nJust two months before, on Jan. 16, Jio Platforms, an Indian mobile network operator owned by Asia\u2019s richest person, Mukesh Ambani, partnered with Polygon Labs to upgrade some of its existing offerings with Web3 and blockchain capabilities.<br \/>\nMagazine: AI cures blindness, \u2018good\u2019 propaganda bots, OpenAI doomsday bunker: AI Eye<a href=\"https:\/\/cointelegraph.com\/news\/polygon-cofounder-mihailo-bjelic-steps-down-operations?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsMihailo Bjelic, co-founder of Ethereum layer-2 scaling solution Polygon, has stepped down from his role at Polygon but suggests he will stay active in the crypto industry in&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129909"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129909"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129909\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129909"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}