"Hmm, won't it be because of this that the price of MATIC will be affected as well?"
Having moved on to new adventures after launching Polygon (MATIC) in 2017, co-founder Jaynti Kanani revealed that she has been absent from the day-to-day work of the project for the past six months.
There is no denying that Kanani is not only confident in the future of MATIC and the upgrade of Polygon 2.0, but he still decided to step back from his day job.
So here it can be seen that Kanani is the third person out of the 10 co-founders of Polygon Labs who announced his departure this year, however it should be known that the departure of many executives can cause problems in its ecosystem.
In addition to being one of the 10 co-founders of Polygon Labs, Kanani also co-authored the digital asset whitepaper itself with Anurag Arjun, Mihailo Bjelic including the executive chairman, Sandeep Nailwal.
Earlier in March 2023, co-founder Arjun left the firm to work on a blockchain spinoff project called Avail, then Polygon Labs President Rayan Wyatt stepped down from his role to be replaced by his former Chief Legal Officer Marc Boiron.
Like to be informed that the firm is now planning to switch to Polygon 2.0, which is an interconnected layer-2 network powered by zero-knowledge technology capable of converting MATIC tokens to POL.
In context, MATIC is an Ethereum (ETH) layer-2 scaling solution that uses a multi-chain ecosystem to allow cheaper, faster transactions and more.
As of this writing, MATIC price has risen by 0.88% to $0.56 in the last 24 hours with a market capitalization of $5 billion and recorded a 10.94% climb over the last week.
