In a most theatrical twist befitting a grand stage, the illustrious Sandeep Nailwal, the very architect of Polygon, has proclaimed a veritable revolution within the hallowed halls of the Polygon Foundation. With a flourish of his digital quill on X, he has declared his intention to seize the reins of power, donning the mantle of chief executive officer (CEO) as he gallantly strides forth into the limelight.
Polygon Plans to Phase Out zkEVM
Ah, but fear not, dear reader, for this is not merely a whimsical caprice! Nailwal assures us that this strategic maneuver is aimed at bestowing upon the foundation a “clear direction and focused execution.” A delightful departure from his previous role as a mere shadow in the background, where he allowed the foundation to frolic under the guise of institutional governance.
As the preeminent custodian of Polygon (POL), Nailwal, with all the gravitas of a Shakespearean hero, believes it is his solemn duty to illuminate the path of leadership and guide the ecosystem to its rightful throne. He waxes poetic about the treasury’s health and liquidity, promising a distraction-free utopia where building reigns supreme.
BIG update – As the largest holder of POL and someone who dedicated his life to the development and success of @0xPolygon from the very beginning, I have decided to take full control of Polygon Foundation and will be its CEO going forward. Polygon Foundation owns and oversees…
— Sandeep | Polygon (※,※) (@sandeepnailwal) June 11, 2025
To assert his dominion, Nailwal has unveiled a series of changes designed to reposition the project with all the subtlety of a sledgehammer. Notably, the zkEVM shall be cast aside in 2026, allowing Polygon to devote its energies solely to the noble pursuits of Polygon POS and AggLayer.
While Polygon POS shall embark on a quest for stablecoin payments and real-world assets, AggLayer aspires to construct a trustless internet of blockchains, enabling a symphony of interoperable and secure blockchain communication. A veritable utopia of connectivity, if you will! 🎉
Nailwal, with the fervor of a visionary, proclaims that Polygon aims to ascend to the pantheon of high-performing blockchains, thereby enriching the coffers of POL stakers. To this end, the ambitious Gigagas roadmap has been unleashed upon the testnet, with transactions flipping a staggering 1,000. The audacious goal? To scale this marvel to 5,000 transactions per second by the enchanting months of September and October 2025. 🚀
ZK Research and Post-SEC Clarity
In a moment of clarity, Nailwal elucidates that the Agglayer breakout program shall continue to birth projects and airdrops for the fortunate POL stakers. Meanwhile, the esteemed Polygon ZisK, under the stewardship of the illustrious Jordi Baylina, shall decentralize ZK research. And fear not, for Polygon Labs shall remain under the capable leadership of Marc Boiron as its CEO.
With the Securities and Exchange Commission (SEC) having graciously dropped its lawsuit concerning POL — once known as MATIC — Nailwal insists that the focus shall remain steadfast on fortifying liquidity. A noble pursuit indeed!
In a flourish of bravado, Nailwal suggests that the shackles of institutional governance have hindered Polygon’s progress; thus, he boldly steps forth to make audacious decisions, repositioning the project for the benefit of its loyal holders. A true hero’s journey, if ever there was one! 🦸♂️
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2025-06-11 18:18