Polygon Co-Founder Sandeep Nailwal Takes Over as Foundation CEO

Sandeep Nailwal, a co-founder of Polygon, has been appointed CEO of the blockchain project’s foundation to help sharpen its strategic focus.

The appointment stems from a need to make faster decisions in light of mounting competition in the blockchain space, Nailwal said in an interview. The foundation oversees the development and growth of Polygon — a setup common in the crypto space.

Polygon, a protocol that helps developers streamline transactions on the Ethereum blockchain, surged to prominence during the last crypto boom, raising $450 million in a 2022 token sale led by Sequoia Capital India. Nailwal believes the ...