Jayanti Kanani, one of the co-founders of Polygon (MATIC), recently announced his departure from the company. His partner, Sandeep Nailwal, expressed his emotions on social media, wishing Kanani well. Polygon has had a successful year, with the launch of Polygon 2.0 and the open-sourcing of its Web3 ID solution. However, the company has faced some regulatory challenges, such as being listed as an unregistered security by the SEC in a case against Coinbase.

Polygon 2.0 is designed to establish the network as the “value layer of the internet”, providing a network of Layer 2 chains powered by ZK proofs and a novel cross-chain coordination protocol. The Web3 ID solution allows developers to manage user credentials and identities privately, using off-chain data for on-chain verification. Google Cloud was also included as a validator on the proof-of-stake network, offering additional security.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Global
Countries
Sentiment	neutral
Relevance Score	8
People	Jayanti Kanani, Sandeep Nailwal
Companies	Google Cloud, SEC, MATIC, Polygon 2.0, Twitter, Polygon
Currencies	Bitcoin, Polygon, Ethereum, US Dollar
Securities	None