Co-Founder of Polygon Ventures into AI Startup Realm

Polygon Co-Founder’s Transition

Polygon co-founder Jaynti Kanani took to Twitter to announce his decision to step down from handling day-to-day responsibilities. He mentioned focusing on new adventures but was somewhat vague on the specifics.

Kanani’s Announcement on Twitter

On Twitter, Kanani stated, “After kickstarting Polygon in 2017, around 6 months back, I decided to step back from the day-to-day grind. I’m more confident in Polygon’s bright future and passionate community. I’ll be focusing on new adventures while still cheering and contributing to Polygon from the sidelines. Bullish on Polygon 2.0!”

Although Kanani sent this tweet on October 4, he reportedly stepped down from Polygon in March 2023. His co-founder, Sandeep Nailwal, expressed his emotions and support for Kanani in a heartfelt post.

Kanani’s Venture into AI

Kanani has founded two new firms, “Mozak” in April 2023 and “Morphic” in June 2023, according to his LinkedIn profile. While specific details about Morphic are limited, the CTO, Abhinav Vishwa, mentioned in a LinkedIn post that they are “Working on something exciting at the intersection of Generative AI and Media.”

Generative AI and Shifting Market Trends

Generative AI has gained significant traction in the market, with the launch of chatbots like OpenAI’s ChatGPT and Google’s Bard. Tech giants such as Google, Amazon, and Apple have shown interest in this field. This year, many investors and companies have shifted their focus from Web3 to Artificial Intelligence, leading to a surge in AI and machine learning funding.

However, Kanani may not have completely abandoned the crypto industry. His startup, Mozak, aims to “Create a radical trustless platform for the new web.” The LinkedIn profile indicates the involvement of Kanani and a software engineer working on zero-knowledge proofs.

Conclusion

With Jaynti Kanani’s shift from Polygon to his AI startups, the tech industry witnesses another notable transition. As the market dynamics continue to evolve, Kanani’s ventures into Generative AI and trustless web platforms exemplify the industry’s adaptability to emerging trends.