Polygon co-founder Jaynti Kanani revealed on Tuesday that he’s been absent from daily work on the project for the past six months, having moved on to “new adventures” after helping launch it in 2017.

“I decided to step back from the day-to-day grind,” Kanani tweeted on Wednesday. The developer said he remains confident in Polygon’s future, and is “bullish on Polygon 2.0.”

That makes Kanani the third of 10 Polygon co-founders to announce their departure this year. And in the crypto industry—although it’s not unique to digital finance—multiple executive departures can be a sign of trouble.

Former Alameda Research CEO Sam Trabucco stepped down last August, three months before FTX’s calamitous collapse. Matteo Liebowitz, Uniswap Labs venture lead, announced his departure last week amid speculation that despite its recent court win, the project isn’t faring well while Go to Source to See Full Article
Author: Andrew Throuvalas

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