Daijiworld Media Network – Gujarat (MS)

Gujarat, Feb 6: Jaynti Kanani hails from a remote village on the outskirts of Ahmedabad. His father worked as a labourer in a diamond factory. Despite facing numerous challenges, Kanani summoned the courage to complete his engineering degree.

After graduating, Kanani's sole objective was to provide financial support to his family, especially since his father was losing his eyesight. He took on a job in Pune, earning a modest sum of Rs 6,000 per month.

In 2017, Kanani, along with Sandeep Nailwal and Anurag Arjun, co-founded Polygon. The company quickly gained prominence in the blockchain and cryptocurrency space, securing a substantial $450 million in funding in 2022. Its reputation soared further with the backing of Shark Tank judge and celebrity investor Mark Cuban.

As of now, Polygon is valued at $20 billion or Rs 166,240 crores. However, in October 2023, Kanani stepped down from his role in the company. He expressed his intention to focus on new ventures while maintaining an external association with Polygon, aiming to establish Polygon 2.0.

According to Kanani's LinkedIn profile, he left Polygon to concentrate on new endeavours, particularly with the web firm Mozak, founded in April 2023, and Morphic, a content development start-up launched in June 2023.