Polygon co-founder Sandeep Nailwal assumed full executive control, marking a move away from decentralized governance.
Polygon co-founder Sandeep Nailwal has taken full control of the Polygon Foundation as its first-ever CEO. The move marks a shift away from the decentralized governance model the organization had embraced.
The foundation, which oversees Polygon Labs and other arms of the ecosystem, will now operate under Nailwal’s leadership as it attempts to refocus amid mounting competition in the layer-2 space, the project said in an announcement shared with Cointelegraph.
“At our beginnings, Polygon was all about bold execution and big goals. During 2021–23, we made a real effort to institutionalize the project by onboarding some amazing people as co-founders, set up a board and had a period of intense tech research and exploration,” Nailwal said.
