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 singular blockchain programming language referred to as Transfer, which was initially created for Fb’s shuttered “Diem” mission.
In a prolonged publish on X, Shaikh, who co-founded Aptos with Avery Ching three years in the past, expressed delight within the progress made by the corporate, which included elevating a mammoth $400 million in enterprise capital funding and constructing “one of the vital sturdy ecosystems, trusted by over a thousand builders and innovators across the globe.”
For so long as I can bear in mind, I’ve been captivated with constructing methods that empower folks—fairer, extra open methods. 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 position of CEO and lead the corporate into its subsequent section of development.
In his X publish, Shaikh acknowledged the work of Aptos’ companions and buyers, together with companies like BlackRock, Google, Mastercard and PayPal.
“None of this is able to have been attainable with out the unwavering help of our unbelievable buyers. I wish to prolong my deepest gratitude to Dragonfly, Blocktower, Haun Ventures, Hashed, IRONGREY, a16z, Apollo, Coinbase, Parafi, Scribble, PayPal, Franklin Templeton, and the superb angels who believed in our imaginative and prescient,” he wrote.
Shaikh mentioned he’ll stay with the corporate as a strategic adviser and plans to take time to mirror on the way forward for blockchain and monetary methods. “I’ll at all times stay a champion of Aptos and its mission,” he wrote, including that he’ll “look ahead to persevering with to assist Aptos preserve its position because the world’s main blockchain.”
