Mihailo Bjelic, One of the Co-founders of Polygon, Has Decided to Step Down From the Board of the Polygon Foundation

Mihailo Bjelic, one of the co-founders of Polygon, has decided to step down from the board of the Polygon Foundation. This makes him the third founder to walk away from the protocol after Jaynti Kanani and Anurag Arjun.

Mihailo Bjelic, one of the co-founders of Polygon, is stepping down from the board of the Polygon Foundation and winding down his day-to-day involvement with Polygon Labs.

Bjelic’s exit comes after fellow founders Jaynti Kanani and Anurag Arjun previously left their active roles at the protocol. Arjun stepped down as a board member in March 2023 to focus on Avail, his modular blockchain project, which mainnet launched in 2024.

Kanani announced his departure in October 2023, and today, only Sandeep Nailwal remains as a co-founder on the protocol’s board at the Polygon Foundation.

The four individuals co-founded the Layer-2 scaling solution built on Ethereum eight years ago. During this time, the ecosystem has seen notable growth. It went from being referred to as Matic Network to Polygon, and more recently completed the migration of the MATIC token to POL, reflecting its evolution.

“From significant breakthroughs in zero-knowledge tech, to onboarding some of the world’s biggest brands, we’ve made meaningful strides toward that grand vision,” Bjelic wrote on X on May 23.

He added that he arrived in the crypto space in 2013.

“I’m deeply grateful for the incredible journey we’ve shared. As the project evolves and visions naturally diverge, I’ve decided to step back from my direct involvement with the Foundation board and wind down my day-to-