Polygon Foundation has appointed Sandeep Nailwal as its first CEO, signaling a shift from decentralized governance. Nailwal aims to refocus the organization amidst increasing competition in the layer-2 space. The foundation, overseeing Polygon Labs, will now operate under his leadership. Nailwal emphasized the need for bold execution and focus, following a period of tech research and exploration. The project plans to enhance its AggLayer protocol for chain interoperability and upgrade to a high-speed PoS chain. Additionally, the foundation will sunset the zkEVM chain in 2026 due to performance issues. Polygon's upcoming Bhilai upgrade aims to improve payments and integration with AggLayer. The project's partners include JPMorgan and Stripe. The changes come as co-founder Mihailo Bjelic steps down, reflecting Polygon's evolving strategy and commitment to innovation. Read more AI-generated news on: https://app.chaingpt.org/news
Polygon Foundation Appoints Sandeep Nailwal As CEO
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