Polygon Co-Founder Mihailo Bjelic Resigns from Board

Mihailo Bjelic stepping down reflects ongoing shifts in Polygon’s leadership, affecting Ethereum scaling.

Bjelic’s Resignation and Its Impact

Mihailo Bjelic’s resignation from the board of the Polygon Foundation marks a significant leadership change for the firm. Having co-founded the project, Bjelic played an instrumental role in its rise as an Ethereum scaling solution. He began his involvement in 2019 after discovering cryptocurrency in 2013. In his announcement, Bjelic cited divergent visions as his reason for leaving. As he put it:

As projects evolve and mature, it is natural for visions to evolve and sometimes diverge. With this in mind, I can no longer contribute to Polygon to the best of my abilities.

The broader impacts of his departure are yet to be fully realized. Bjelic’s exit is the third from Polygon’s founding members since 2023, potentially signaling internal changes at the organization. The Polygon community and wider crypto industry see this as a notable change. Specific financial implications of this leadership change have not been detailed. However, Polygon continues to push for innovation with initiatives like the Agglayer Breakout Program. Bjelic emphasized his support for Polygon despite his official exit, intending to “cheer from the sidelines.”

Achievements and Future Outlook

Bjelic’s tenure saw considerable advancements. Under his leadership, Polygon made breakthroughs in zero-knowledge technology and collaborated with major brands, positioning it as a significant player in Ethereum scaling. MATIC, Polygon’s native token, could be impacted by these leadership changes.

Bjelic’s contributions were praised by industry figures, who recognized his influence in the platform’s development. Although his future plans remain unspecified, he has hinted at ongoing involvement in the crypto space. Polygon’s focus on innovation remains, despite the leadership change, underlined by its Q1 2025 initiatives. Immediate market reactions to Bjelic’s departure are yet to be observed.