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

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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Source: https://en.coinotag.com/breakingnews/polygon-co-founder-jordi-baylina-launches-independent-zisk-project-as-polygon-phases-out-zkevm-network/