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NFT Market Insights: Yat Siu's Vision for the Future

The NFT Market's Current Landscape: Insights from Yat Siu at Paris Blockchain Week As Bitcoin surges to unprecedented heights, the NFT market appears to be experiencing a significant downturn. The monthly sales volumes for NFTs have plummeted to approximately \(1.4 billion, a stark decline from the remarkable \) 6 billion recorded in January 2022. This juxtaposition raises critical questions about the future of NFTs, a topic thoroughly explored during an engaging discussion at the recent Paris Blockchain Week. Yat Siu's Perspective on NFTs and the Metaverse Yat Siu, the chairman of Animoca Brands—one of the largest investors in Web3 startups—remains optimistic despite the current slump in NFT sales. In an exclusive interview with Decrypt, Siu expressed his unwavering belief in the potential of NFTs and the metaverse: Future Growth : Siu confidently stated, "I think it’s going to go up," when discussing the yearly sales volume for the NFT market. Gaming as a ...

## Jaynti Kanani Steps Back: Implications for Polygon's Future

Polygon Co-Founder Jaynti Kanani Steps Back from Day-to-Day Operations

In a recent announcement on X (formerly Twitter), Jaynti Kanani, co-founder of Ethereum layer 2 solution Polygon, revealed his decision to step back from the day-to-day grind of the network. Kanani, who co-founded Polygon in 2017 alongside Sandeep Nailwal and Anurag Arjun, expressed his intention to focus on new adventures while continuing to support and contribute to Polygon from the sidelines.

Sandeep Nailwal, also a co-founder of Polygon, responded to Kanani's post, expressing his well wishes and acknowledging the journey they have embarked on together. Nailwal stated, "I wish we could've done more for longer together in this crazy journey that is Polygon. But hey, you got to do what you got to do."

This news comes on the heels of a leadership shakeup within Polygon Labs, the company behind the network. In July, Marc Boiron, the chief legal officer of Polygon Labs, was promoted to the role of CEO, while President Ryan Wyatt transitioned to an advisory position. These changes demonstrate the company's commitment to evolving and adapting to the needs of the network.

Despite Kanani's departure, Polygon's native token, MATIC, has remained steady. Currently priced in the range of $0.55 to $0.58, the token has maintained this level since the beginning of the month. As of the time of writing, MATIC is valued at $0.58, marking a 3.5% increase in the last 24 hours.

When approached for comment, Polygon declined to provide any additional information regarding Kanani's departure. As the network continues to grow and innovate, it will be interesting to see how the absence of Kanani's day-to-day involvement will impact Polygon's future developments.

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