In a significant development, Polygon Labs, a prominent blockchain platform, announced a change in its leadership team. Ryan Wyatt, the current president, will be stepping down from his position and transitioning into an advisory role within the company. Wyatt expressed his intention to leave Polygon at the end of July but will continue to provide guidance to the firm in the crypto space.
Taking over as the new CEO is Marc Boiron, who currently serves as the chief legal officer (CLO) of Polygon. Boiron brings valuable experience to his new role, having previously held the position of CLO at dYdX. He expressed enthusiasm about serving the community and the company during the exciting era of Polygon 2.0. Boiron thanked the founders for their trust and acknowledged the privilege of leading the organization.
Simultaneously, Rebecca Rettig, the chief policy officer at Polygon, will assume the role of chief legal officer following Boiron’s departure. Rettig’s appointment highlights her expertise in legal matters and her contributions to the field. Her recent appointment to the Global Markets Advisory Committee’s subcommittee for Digital Asset Markets by the United States Commodity Future Exchange Commission further exemplifies her capabilities.
The leadership transition aligns with Polygon’s preparations for a series of upgrades known as “Polygon 2.0.” These upgrades aim to establish the “Value Layer” of the internet and promote decentralized governance. The platform plans to achieve these goals by July 17. In March, Polygon achieved a significant milestone by becoming the second-largest blockchain gaming network in terms of unique active wallets, surpassing Hive.
As of the time of publication, the price of Polygon’s native cryptocurrency, MATIC, was approximately $0.67, experiencing a 1% decrease in the last 24 hours.