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Sandeep Nailwal Becomes Last Remaining Member of Polygon's Founding Team as Bjelic Exits

  • Mihailo Bjelic, co-founder of Polygon, announced on May 2025 that he is stepping down from the Polygon Foundation board and winding down daily involvement.
  • Bjelic's departure follows earlier exits by founders Jaynti Kanani and Anurag Arjun, leaving Sandeep Nailwal as the sole original founding member of Polygon.
  • Nailwal commended Bjelic's contributions and wished him luck, while Bjelic stated he remains passionate about crypto and will likely stay active in the industry.
  • Polygon's POL token has traded above 23 cents recently but fell 5% in the last 24 hours amid the announcement, reflecting market sensitivity to the leadership change.
  • Bjelic's exit may impact Polygon's future momentum as several community leaders described it as a significant loss, though he has not revealed his next steps yet.
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Game Developer broke the news in on Thursday, May 22, 2025.
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