Mo Shaikh Steps Down, Avery Ching Takes Over
The post Mo Shaikh Steps Down, Avery Ching Takes Over appeared on BitcoinEthereumNews.com.
TLDR Mo Shaikh has stepped down as CEO of Aptos Labs after co-founding the company three years ago, with co-founder Avery Ching taking over leadership while Shaikh transitions to a strategic advisor role Under Shaikh’s leadership, Aptos Labs raised $400 million in venture funding and built partnerships with major firms including BlackRock, Google, Mastercard, and PayPal The company’s native token APT dropped 5.37% to $11.51 following the announcement, though trading volume increased 48% to $933.28 million Aptos has grown to support over 1,000 developers and innovators globally, with key ecosystem contributors including Merkle Trade, Thala Labs, and Econia Bitwise is planning to launch an Aptos ETF on Switzerland’s SIX exchange with staking capabilities, potentially driving future growth The blockchain company Aptos Labs announced a major leadership transition today as co-founder and CEO Mo Shaikh stepped down from his position. Fellow co-founder Avery Ching will take over as CEO while Shaikh moves into a strategic advisor role. Shaikh and Ching founded Aptos Labs three years ago, building a blockchain ecosystem based on the Move programming language. During Shaikh’s tenure as CEO, the company secured $400 million in venture capital funding and developed partnerships with leading firms including BlackRock, Google, Mastercard, and PayPal. In his announcement posted on X (formerly Twitter), Shaikh expressed pride in what the company has achieved under his leadership. The platform now supports over 1,000 developers and innovators globally, establishing itself as a trusted name in the blockchain space. For as long as I can remember, I’ve been passionate about building systems that empower people—fairer, more open systems. Since 2016, I have been deeply involved in the blockchain world, both exploring and contributing to its transformative social and economic potential. Three… — Mo Shaikh 🌐 aptOS (@moshaikhs) December 19, 2024 The Aptos ecosystem has benefited from early contributors such…
Filed under: News - @ December 20, 2024 5:25 pm