Ranking
Categories
Historical Snapshots
Token unlocks
Yield
Real-World Assets
Trending
Upcoming
Recently Added
Gainers & Losers
Most Visited
Community Sentiment
Chain Ranking
Overall NFT Stats
Upcoming Sales
Market Overview
Spot Market
Derivatives Market
No. of Cryptocurrencies
Bitcoin Treasuries
BNB Treasuries
Fear and Greed Index
Altcoin Season Index
Market Cycle Indicators
Bitcoin Dominance
CoinMarketCap 20 Index
CoinMarketCap 100 Index
Crypto ETFs
Bitcoin ETFs
Ethereum ETFs
RSI
MACD
Signals
Trending
New
Gainers
Meme Explorer
Top Traders
Spot
Derivatives
Spot
Derivatives
Feeds
Topics
Lives
Articles
Converter
Newsletter
CMC Launch
CMC Labs
Telegram Bot
Advertise
Crypto API
Site Widgets
Airdrops
Diamond Rewards
Learn & Earn
ICO Calendar
Events Calendar
News
Academy
Research
Videos
Glossary
Sandeep Nailwal appointed CEO of Polygon Foundation to lead new strategic direction
- Nailwal announced that, with the largest number of 
#POL tokens held, he will lead Polygon Foundation as CEO.
-Gators Summary:
Nailwal announced that, with the largest number of POL tokens held, he will lead #Polygon Foundation as CEO.
The Polygon co-founder says that the foundation's good financial situation allows it to continue its development without resorting to fundraising.
The foundation plans to shut down Polygon zkEVM next year, focusing on Polygon POS and Agglayer development.
Sandeep Nailwall, one of the creators of Polygon's Layer 2 network, said he will take over as CEO of the Polygon Foundation. According to Nailwall, Marc Boiron, head of Polygon Labs, one of the many projects overseen by the foundation, will continue in his role.
The announcement comes amid a decline in the price of the POL #token , which has fallen more than 68% in the past six months.
Neilwall's decision is partly due to the urgent need to increase value for POL holders. Among the planned steps is to make Polygon POS capable of processing more than 5,000 transactions per second, which Neilwall says will put Polygon PoS among the top performing blockchains by September/October.
the last time Polygon raised $ 450 million in funding was for the sale of its POL token (then MATIC), which was announced in February 2022. The fund has no plans to raise funds in the near future, with Neilwall emphasizing that its good financial position allows it to continue building for the future.
