Starknet Foundation CEO Diego Silva to step down

by

As a seasoned crypto investor with a knack for spotting potential in emerging projects, I’ve been closely watching Starknet (STRK) since its inception. Diego Oliva, the man who took the helm as the first CEO back in March 2023, has been instrumental in steering this ambitious project towards growth and adoption. His leadership has not only solidified the Foundation but also jump-started several ecosystem development projects like DeFi Spring, Seed Grants, Catalyst, and Propulsion programs.

According to recent announcements, Diego Oliva, who has been the CEO since March 2023, will be leaving his position at the Starknet Foundation.

On August 6th, it was announced that there would be a shift in leadership within The Starknet Foundation, the organization behind the creation of Starknet (STRK), a scalability solution using zero-knowledge technology for Ethereum (ETH).

Starknet Foundation’s first CEO to step down

Diego Oliva is set to resign from his role as the inaugural CEO of the Starknet Foundation, which he has led since March 2023. As he moves on, the departing leader leaves behind a robust team and organizational framework that he helped build during his tenure.

“With Diego at the helm, the Foundation took charge of the Provisions project and also initiated several other ecosystem development projects like DeFi Spring, Seed Grants, and the Catalyst and Propulsion initiatives, as stated in the subsequent update.”

James Strudwick takes over as executive director, driving further expansion and adoption for Starknet. Diego will stay at the foundation for another month to facilitate a seamless transition and maintain ongoing platform operations. Since January 2024, Strudwick has been part of the SNF team, initially leading ecosystem growth efforts.

Starknet seeing growth

Earlier this year, Starknet finished distributing its STRK tokens through an airdrop, and more recently, they unveiled plans to utilize STARK technology for expanding Bitcoin. StarkWare anticipates that this endeavor could make Starknet the initial Layer 2 network capable of handling concurrent settlement and scaling for both Ethereum and Bitcoin simultaneously.

Furthermore, Starknet has connected both Chainlink and Pyth oracles, aiming to leverage these connections within the expanding ecosystem of decentralized applications, as it operates as a Zero-Knowledge (ZK) rollup network.

Read More

2024-08-06 19:34