Polygon’s Co-Founder Takes Helm to Boost AggLayer
Sandeep Nailwal, co-founder of Polygon (POL), is now teh CEO of the foundation. This change is designed to speed up decision-making in the competitive blockchain world. In a Bloomberg interview, Nailwal explained that the old, decentralized way of making decisions had slowed things down.
Nailwal’s new role comes as the Ethereum community questions the reliance on Layer 2 solutions like Polygon for growth. The focus is now on scaling AggLayer, an interoperability layer connecting various blockchains. The aim is to expand digital payments and real-world asset integration.
Version 0.3 of AggLayer is expected by year-end.The foundation plans to promote the protocol more under the Polygon name. To support this, they launched the AggLayer Breakout Program. This initiative provides funding and resources to projects using AggLayer and Polygon’s PoS network.
The program has already helped several projects. Katana Network, for example, recently launched its private mainnet on May 28. This move aims to enhance liquidity and yield within the AggLayer ecosystem.
under Nailwal’s leadership, efforts will center on these key areas:
- Scaling AggLayer efficiently
- Strengthening tools for digital payments
- improving real-world asset integration
Projects not aligning with these goals may be spun out or shut down. This strategic shift aims to keep Polygon competitive in the rapidly evolving blockchain landscape.
