Sandeep Nailwal, co-founder of Polygon Labs, steps into a fresh position at ZK

Polygon Labs, the company behind the Ethereum-based blockchain network Polygon, is placing a strong emphasis on zero-knowledge (ZK) solutions through a significant structural change. On May 29, Polygon Labs announced that its co-founder and executive chairman, Sandeep Nailwal, will take on the role of chief business officer (CBO). In this new position, Nailwal will focus on the growth of Polygon’s ZK-proofs tools, which are cryptographic techniques that allow one party to prove knowledge of a value to another without revealing the actual value. Nailwal will specifically work on Polygon CDK, a ZK-based software toolkit that enables developers to create new layer-2 (L2) chains on Ethereum and transition between chains. Additionally, he will be responsible for establishing developer and tech integrations of the decentralized protocol AggLayer. Nailwal’s appointment as CBO follows his previous role as executive chairman, during which he oversaw strategy and execution at Polygon. The transition is now nearly complete and operationalized under CEO Marc Boiron. Boiron expressed the importance of Nailwal’s involvement in key projects, highlighting his extensive experience engaging with developers and enterprises in the industry. Nailwal himself emphasized the groundbreaking technology being developed at Polygon Labs, which will provide numerous opportunities for developers and enterprises to scale quickly and securely while accessing liquidity. Polygon, launched in 2017, is a blockchain platform that aims to create a scalable multi-chain system compatible with Ethereum. By operating on the Ethereum blockchain, Polygon offers scaling technologies that alleviate congestion, accelerate transaction speed, and simplify adoption. Through the use of ZKs and L2s, blockchain developers can significantly improve scalability by processing transactions off the main Ethereum blockchain. Notably, Ethereum L2 protocols experienced a substantial 99% decrease in transaction fees following the Dencun upgrade in March, demonstrating the effectiveness of these solutions in reducing network congestion.