1. BITBILIHome
  2. Article

Polygon Labs sees leadership overhaul amid “Polygon 2.0” transition

• 47 views

TL;DR Breakdown

  • Polygon Labs promotes Marc Boiron, former Chief Legal Officer, to CEO, while President Ryan Wyatt transitions into an advisory role.
  • The firm, known for scaling Ethereum transactions, is rebranding to “Polygon 2.0”, initiating major upgrades and governance decentralization.
  • Despite leadership changes, Polygon retains its position as a major player in blockchain gaming, with its cryptocurrency maintaining steady value.

Description

Polygon Labs, the firm behind the Ethereum-scaling blockchain Polygon, is seeing a wave of major leadership changes. In a strategic move meant to bolster the company’s growth and expansion, the firm’s Chief Legal Officer, Marc Boiron, has been promoted to the role of CEO. This news comes alongside the announcement that current President, Ryan Wyatt, … Read more

Polygon Labs, the firm behind the Ethereum-scaling blockchain Polygon, is seeing a wave of major leadership changes. In a strategic move meant to bolster the company’s growth and expansion, the firm’s Chief Legal Officer, Marc Boiron, has been promoted to the role of CEO.

This news comes alongside the announcement that current President, Ryan Wyatt, will step down from his position at the end of July to assume an advisory role within the company. Boiron’s legal responsibilities will be absorbed by Rebecca Rettig, the company’s current Chief Policy Officer.

These changes signal a period of significant evolution for the company. Co-founder Sandeep Nailwal will be stepping into the position of Executive Chairman, serving as a strategic guide for the company during this transitional phase. Boiron’s promotion underlines the company’s focus on its global community of developers, builders, and users, and its commitment to their continuous growth and nurturing.

 Shifting toward “Polygon 2.0”

These leadership changes coincide with a transformational phase for Polygon Labs, known as “Polygon 2.0.” The firm, which operates two of the most closely watched networks for scaling Ethereum transactions, has been working on a comprehensive rebrand. The objective? To become the value layer of the internet through decentralized governance.

As part of the campaign, Polygon has made several strategic announcements. A call was issued for a “coordination layer” meant to unify all Polygon chains, representing a decisive step toward interoperability. Additionally, a proposal surfaced in June aiming to upgrade its legacy Proof-of-Stake (PoS) chain for compatibility with zero-knowledge proofs. This move leverages one of the latest trends in blockchain technology, securing user privacy without compromising data integrity.

Polygon has seen considerable success recently. In March, it became the second-largest blockchain gaming network based on unique active wallets, outpacing competitor Hive. Despite minor market fluctuations, Polygon remains a significant player in the blockchain space. The new leadership, combined with the ongoing transition towards Polygon 2.0, showcases the company’s strategic evolution and commitment to sustainable growth.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

文章来源于互联网:Polygon Labs sees leadership overhaul amid “Polygon 2.0” transition

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年7月9日 20:08
Next 2023年7月9日 21:49

Related articles

  • What the US inflation data for July tells us

    TL;DR Breakdown US inflation in July mirrored June’s 0.2% rise. Annual inflation rate increased to 3.2% from the previous 3%. Core inflation remained high, making the Federal Reserve cautious. July’s CPI data may ease pressure on the Fed for rate hikes. Description Every month, financial gurus, policymakers, and average citizens wait with bated breath for the release of US inflation data. July was no exception, and the revelations provide fodder for a deeper analysis. Let’s dive in. A hint of stability amid heightened economic uncertainty The month-on-month increase in United States inflation for July echoed that of … Read more Every month, financial gurus, policymakers, and average citizens wait with bated breath for the release of US inflation data. July was no exception, and the revelations provide fodder for a deeper analysis. Let’s dive in. A hint of stability amid heightened economic uncertainty The month-on-month increase in United States inflation for July echoed that of June, signaling a steadiness that might quell some fears. The consumer price index (CPI) ticked up by 0.2 percentage points, mirroring June’s bump. Delving into…

    Article 2023年8月11日

  • XRP now accepted for gas on cutting-edge EVM-compatible blockchain

    TL;DR Breakdown Root Network aims to solve interoperability challenges between XRP Ledger and the Ethereum Virtual Machine ecosystem. The network will leverage Polkadot’s Substrate technology for seamless integration with EVM. Validators and stakers on Root Network can earn XRP tokens as compensation, bridging XRP and Root Network.   Description The XRP Ledger and blockchains in the Ethereum Virtual Machine (EVM) ecosystem have long-faced interoperability challenges. However, a solution may be on the horizon, as a crypto educator and well-known XRPL enthusiast, Dip Collector, sheds light on Root Network’s ambitious plan to address this issue. Root Network, a forthcoming cross-chain network, aims to leverage Polkadot‘s … Read more The XRP Ledger and blockchains in the Ethereum Virtual Machine (EVM) ecosystem have long-faced interoperability challenges. However, a solution may be on the horizon, as a crypto educator and well-known XRPL enthusiast, Dip Collector, sheds light on Root Network’s ambitious plan to address this issue. Root Network, a forthcoming cross-chain network, aims to leverage Polkadot‘s Substrate technology to build a highly advanced blockchain seamlessly integrating with EVM. To support its tokenomics, the network…

    Article 2023年6月20日

  • Political backlash looms over UBS-Credit Suisse deal as UBS seeks to avoid taxpayer funding

    TL;DR Breakdown UBS aims to announce that its rescue of Credit Suisse will not rely on funding from Swiss taxpayers, as it faces political backlash ahead of national elections. UBS executives are confident in keeping losses below SFr5 billion and intend to avoid using the SFr9 billion backstop provided by the Swiss government. The decision not to tap into taxpayers’ money will be driven by the business case and UBS’s commitment to limiting dependence on state support, while also avoiding potential limitations on returning excess capital to shareholders. Description UBS Group AG, Switzerland’s largest bank, is set to make a decisive statement next month, clarifying that its rescue of Credit Suisse will not involve funding from Swiss taxpayers, according to a report by the Financial Times on Sunday. However, the bank intends to alleviate the mounting political pressure surrounding the deal, particularly with national … Read more UBS Group AG, Switzerland’s largest bank, is set to make a decisive statement next month, clarifying that its rescue of Credit Suisse will not involve funding from Swiss taxpayers, according to a report…

    Article 2023年7月5日

  • Attorney John Deaton stands firm on Ripple’s chances in SEC appeal

    TL;DR Breakdown Attorney and XRP supporter John Deaton is confident in the SEC’s appeal against Ripple, citing Judge Torres’s well-reasoned order as a strong foundation. Judge Torres categorized Ripple’s XRP sales into three groups and found substantial distinctions, impacting investors’ expectations. U.S. District Judge Jed Rakoff’s disagreement with Judge Torres’s approach in another case adds uncertainty to the pending appeal by the SEC. Description The famous attorney and avid XRP supporter, John Deaton, expresses confidence in the Securities and Exchange Commission (SEC) appeal against Ripple (XRP). He believes that Judge Analisa Torres’s well-reasoned order provides a solid foundation for a negative conclusion for the SEC. Citing a detailed thread that explains the judge’s decision, Deaton highlights the use of … Read more The famous attorney and avid XRP supporter, John Deaton, expresses confidence in the Securities and Exchange Commission (SEC) appeal against Ripple (XRP). He believes that Judge Analisa Torres’s well-reasoned order provides a solid foundation for a negative conclusion for the SEC. Citing a detailed thread that explains the judge’s decision, Deaton highlights the use of the Howey test…

    Article 2023年8月7日

  • California Revises Cryptocurrency Campaign Donation Policies

    TL;DR Breakdown California now allows campaign donations in cryptocurrency but mandates immediate conversion to US dollars and requires donations to come through US-based payment processors adhering to KYC policies. While states like Minnesota, Arizona, and Colorado are embracing crypto donations, others like North Carolina and Oregon have banned the practice over transparency concerns. Description In a significant move, the California Fair Political Practices Commission has unveiled its updated policies on cryptocurrency donations for campaigns. This comes as a response to the growing prominence of digital currencies in the financial landscape and their potential influence on political campaigns. The updated guidelines provide a more explicit framework for candidates and committees … Read more In a significant move, the California Fair Political Practices Commission has unveiled its updated policies on cryptocurrency donations for campaigns. This comes as a response to the growing prominence of digital currencies in the financial landscape and their potential influence on political campaigns. The updated guidelines provide a more explicit framework for candidates and committees in California, ensuring transparency and adherence to federal regulations. Contents hide 1 A…

    Article 2023年8月12日
TOP