Mo Shaikh, co-founder of Aptos Labs, introduced that he is stepping down as CEO of the corporate.
Aptos is a layer-1 blockchain that claims to supply enhanced scalability, safety and transaction speeds. The platform leverages a novel blockchain programming language known as Move, which was initially created for Fb’s shuttered “Diem” challenge.
In a prolonged publish on X, Shaikh, who co-founded Aptos with Avery Ching three years in the past, expressed pleasure within the progress made by the corporate, which included elevating a mammoth $400 million in enterprise capital funding and constructing “one of the most robust ecosystems, trusted by over a thousand builders and innovators around the globe.”
For so long as I can bear in mind, I’ve been captivated with constructing techniques that empower individuals—fairer, extra open techniques. Since 2016, I’ve been deeply concerned within the blockchain world, each exploring and contributing to its transformative social and financial potential.
Three…
— Mo Shaikh 🌐 aptOS (@moshaikhs) December 19, 2024
Ching, Shaikh mentioned, will assume the function of CEO and lead the corporate into its subsequent section of development.
In his X publish, Shaikh acknowledged the work of Aptos’ companions and traders, together with corporations like BlackRock, Google, Mastercard and PayPal.
“None of this would have been possible without the unwavering support of our incredible investors. I want to extend my deepest gratitude to Dragonfly, Blocktower, Haun Ventures, Hashed, IRONGREY, a16z, Apollo, Coinbase, Parafi, Scribble, PayPal, Franklin Templeton, and the amazing angels who believed in our vision,” he wrote.
Shaikh mentioned he’ll stay with the corporate as a strategic adviser and plans to take time to replicate on the way forward for blockchain and monetary techniques. “I will always remain a champion of Aptos and its mission,” he wrote, including that he’ll “look forward to continuing to help Aptos maintain its role as the world’s leading blockchain.”
