Polygon co-founder Jaynti Kanani has resigned from his six-year position. Whether MATIC, the local cryptocurrency of the network, will be affected by this decision has caused concern among users.
“I will focus on new goals”
Jaynti Kanani, who founded the Polygon blockchain network along with Sandeep Nailwal and Anurag Arjun in 2017, announced that he is resigning from his post. Sharing on his social media account, Kanani emphasized that he will focus on new goals.
After kickstarting Polygon in 2017, around 6 months back, I decided to step back from the day-to-day grind.
I'm more confident in Polygon's bright future and passionate community. I'll be focusing on new adventures while still cheering and contributing to Polygon from the…
— Jaynti Kanani (JD) (@jdkanani) October 4, 2023
Co-founder Sandeep Nailwal responded to Kanani’s post as follows:
“I wish we could have done more together on this crazy journey that is Polygon for longer. But you have to do what you have to do.”
Will MATIC price drop?
On the other hand, Marc Boiron, chief legal officer of Polygon Labs, the company to which the network is affiliated, was promoted to CEO last July. President Ryan Wyatt resigned from his advisory role.
All these changes made MATIC owners worried. Since it is the local cryptocurrency unit of the network, it was wondered whether the MATIC coin price would be affected by the developments. MATIC is currently unaffected by the news and has remained within the range of $0.55 to $0.58, which has remained stable since the beginning of the month.
MATIC current pricein that:
Polygon (MATIC)
