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Mihailo Bjelic Steps Down from Polygon Foundation Board

Mihailo Bjelic, co-founder of Polygon, has announced his decision to step away from his role on the board of the Polygon Foundation. Alongside this, he will also reduce his day-to-day involvement with Polygon Labs, marking a significant shift in leadership within the renowned blockchain project.

A Journey Through Polygon’s Growth

In a public statement shared on May 23, 2025, Bjelic reflected on the progress Polygon has made since its inception in 2019. He highlighted the project’s achievements, including advancements in zero-knowledge technology and collaborations with globally recognized brands. “We’ve made meaningful strides toward that grand vision,” Bjelic shared, expressing gratitude for the opportunity to work alongside a talented team.

Bjelic’s journey in the cryptocurrency space began in 2013, with a deeper involvement by 2017. He co-founded Polygon, formerly known as Matic Network, alongside Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun. The project gained prominence as a leading layer-2 scaling solution for Ethereum, leveraging its proof-of-stake mechanism to address scalability and efficiency challenges.

Why Bjelic Is Stepping Away

Explaining his decision, Bjelic noted that as projects grow and mature, visions can naturally evolve and sometimes diverge. “With this in mind, I can no longer contribute to Polygon to the best of my abilities,” he stated. While stepping back, Bjelic expressed confidence in Polygon’s continued success and pledged to offer his support “from the sidelines.”

Leadership Changes at Polygon

Bjelic’s departure follows similar moves by other co-founders. Jaynti Kanani stepped down from active involvement in October 2023, and Anurag Arjun exited in March 2023 to focus on his modular blockchain project. This leaves Sandeep Nailwal as the primary founding member still actively engaged with Polygon.

Reflecting on Bjelic’s contributions, Nailwal shared a heartfelt message, emphasizing Bjelic’s role in shaping the project.

“More than a co-founder, you’re a brother. From the earliest days — whiteboards full of ideas, endless whitepapers, governance frameworks, strategy calls deep into the night — you have been a force behind so much of what makes Polygon what it is today,” he remarked.

What’s Next for Polygon

Despite these changes, Polygon remains a key player in the blockchain and cryptocurrency ecosystem. Its commitment to scaling Ethereum and fostering adoption continues to attract interest from developers, investors, and enterprises alike. The project is well-positioned to maintain its momentum, supported by a strong community and ongoing technological innovation.

For readers interested in cryptocurrencies, investing, and blockchain technology, staying informed about developments like these is essential. Polygon’s evolution serves as a reminder of the dynamic nature of the crypto space and the importance of adaptability in achieving long-term success.

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