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Sandeep Nailwal, cofounder of blockchain firm Polygon, will take over as the chief executive officer of Polygon Foundation, which includes Polygon Labs, as the company undergoes restructuring.
The company, which was started in 2017 to solve the scaling issues of blockchain Ethereum, has been facing challenges in the last couple of years. It saw the exodus of co-founders, Jayant Kanani, Anurag Arjun, and Mihailo Bjelic, along with the exit of Ryan Wyatt, former CEO of Polygon Labs. The company had strengthened its US team, which created friction…
