Sandeep Nailwal, cofounder of Layer 2 blockchain startup Polygon, has taken over as the Chief Executive Officer (CEO) of the Polygon Foundation, which oversees Polygon Labs and other associated entities.
“I have decided to take full control of Polygon Foundation and will be its CEO going forward. Polygon Foundation owns and oversees multiple entities including one of the major contributors, Polygon Labs, which will continue to be led by Marc Boiron as its CEO, who in my mind is the best executive/leader in the entire crypto industry,” Nailwal stated in a post on X.
Nailwal explained that this leadership change is aligned with Polygon’s broader vision of establishing a clear direction and maintaining sharp execution. “With a healthy treasury and several hundred million in cash, we’re in a great position to keep building for the long term, without any distractions or pressure to raise,” he added.
Founded in 2017 by Nailwal along with Jaynti Kanani, Anurag Arjun, and Mihailo Bjelic, Polygon has emerged as a major player in the blockchain space, with strong momentum in areas like gaming, NFTs, and decentralised finance.
In addition to his role at Polygon, Nailwal co-founded Sentient Foundation in 2024. Headquartered in San Francisco, the organization is built on the Polygon CDK chain and is dedicated to building open-source decentralized AI, with a long-term goal of achieving artificial general intelligence (AGI).
Nailwal also outlined several key updates for Polygon’s roadmap. These include renewed emphasis on two core protocols: Polygon Proof-of-Stake (PoS), which will center on stablecoin payments and real-world assets (RWAs), and Agglayer, which aims to develop a trustless internet of blockchains.
He further mentioned plans to launch educational campaigns around the upgrade of MATIC to POL, a critical part of Polygon’s transition to its next iteration—Polygon 2.0. The initiative is aimed at enhancing network performance and positioning Polygon as a foundational layer in the evolving blockchain ecosystem.
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