BREAKING
236d 18h ago

Polygon Co-Founder Jordi Baylina Launches Independent Zisk Project as Polygon Phases Out zkEVM Network

POL

POL/USDT

$0.0967
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$41,149,196.10

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$0.0996 / $0.0957

Change: $0.003900 (4.08%)

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POL
POL
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Volume (24h): -

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Resistance 2$0.1137
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Price$0.0974
Support 1$0.0966
Support 2$0.0839
Support 3$0.0536
Pivot (PP):$0.097067
Trend:Downtrend
RSI (14):35.5

Polygon co-founder Jordi Baylina has officially launched Zisk, a new independent venture focused on advancing zkVM verification technology. This strategic move follows the Polygon Foundation’s decision to phase out its underutilized Zero-Knowledge Proof EVM network. Initially incubated within Polygon Labs since May 2024, Zisk completed its spin-off on June 13, transferring all related intellectual property and the core zkEVM team to SilentSig GmbH, a Swiss entity fully owned by Baylina. Despite the transition, Baylina continues to hold his role as Polygon co-founder and will provide advisory support.

In parallel, Polygon’s CEO and co-founder Sandeep Nailwal announced a strategic shift to discontinue the zkEVM chain. The Foundation plans to redirect resources towards enhancing the Polygon PoS network and accelerating development of the AggLayer cross-chain aggregation protocol. This realignment underscores Polygon’s commitment to optimizing scalability and interoperability within its ecosystem, reflecting a pragmatic approach to resource allocation and technological innovation.

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