Polygon co-founder will create a separate project based on Avail

Polygon Chief Product Officer Anurag Arjun stepped down, buying out the project based on Avail’s scaling solution. This is reported The Block.

The platform launched a testnet in 2022. The initiative was positioned as a data accessibility layer for zero-knowledge evidence-based solutions.

Representatives of Polygon Labs said that Arjun plans to create a separate project based on the above development.

“Over time, the structure [Avail] become a decentralized organization. The timeline for this evolution has not yet been determined, and the first priority is to ensure a smooth separation from Polygon, ”the company noted.

As part of the isolation, Arjun will create a non-profit Avail Foundation. The project will eventually be taken over by the community.

Part of the development team will move to the new organization.

“I have a great relationship with Anurag on a personal level. I could invest in his new venture,” added Sandeep Nailwal, co-founder of Polygon.

Representatives of the project refused to provide detailed information about the financing and creation of a new token.

Recall that the other day Polygon introduced a domain name service developed in collaboration with Unstoppable Domains.

Polygon Chief Product Officer Anurag Arjun stepped down, buying out the project based on Avail’s scaling solution. This is reported The Block.

The platform launched a testnet in 2022. The initiative was positioned as a data accessibility layer for zero-knowledge evidence-based solutions.

Representatives of Polygon Labs said that Arjun plans to create a separate project based on the above development.

“Over time, the structure [Avail] become a decentralized organization. The timeline for this evolution has not yet been determined, and the first priority is to ensure a smooth separation from Polygon, ”the company noted.

As part of the isolation, Arjun will create a non-profit Avail Foundation. The project will eventually be taken over by the community.

Part of the development team will move to the new organization.

“I have a great relationship with Anurag on a personal level. I could invest in his new venture,” added Sandeep Nailwal, co-founder of Polygon.

Representatives of the project refused to provide detailed information about the financing and creation of a new token.

Recall that the other day Polygon introduced a domain name service developed in collaboration with Unstoppable Domains.