• Polygon (MATIC) co-founder Anurag Arjun announced that he’s leaving the company to work on another project.
• Sandeep Nailwal, another Polygon co-founder, said that it’s not a „goodbye.“
• Polygon zkEVM scaling solution is set to be released on March 27.
Polygon (MATIC) Co-Founder Departs Company
Anurag Arjun, one of Polygon’s co-founders, announced on Thursday that he’s leaving the company to work on another project. This announcement came as a surprise to the user base of Polygon. Despite this departure, Sandeep Nailwal, another Polygon co-founder, reassured users that it wasn’t a “goodbye” and that Arjun will still be working on scalability challenges key to Web3’s shared mission.
Why is Arjun Leaving?
Arjun said he will be working on Avail – a modular blockchain optimized for data availability. This project used to belong to both Polygon Labs and Polygon Foundation but will now be spun off as its own entity with Arjun as its founder.
Polygons Biggest Winner in Cryptocurrency World
Polygon has been one of the biggest winners in the cryptocurrency world over the past few years. With multiple Ethereum scaling solutions in production, they are set to become a layer 2 powerhouse in the near term future.
zkEVM Scaling Solution Set To Launch On March 27th
The exit of Arjun comes just 10 days before the launch of their zkEVM scaling solution which is expected to launch on March 27th and will be deployed onto Ethereum mainnet as well.
No Significant Reaction From MATIC
MATIC had no significant reaction from news of Anurag Arjuns departure announcement and is currently trading at around $1.18 up 3.9% in the past 24 hours according CoinGecko data