Steven Kokinos shifts to Algorand advisory role as company appoints interim CEO
Blockchain protocol Algorand’s chief government officer Steven Kokinos has introduced he shall be leaving his place to concentrate on tasks associated to scaling adoption.
In a Wednesday Twitter thread, Kokinos said he shall be transitioning out of his position as Algorand, the place he labored as CEO from October 2018 after leaving software program growth firm Fuze. In keeping with Algorand, Kokinos will stay on the agency as a senior adviser concerned in “key tasks” till 2023 whereas former chief working officer W. Sean Ford will act as interim CEO.
“[Kokinos] has been instrumental to the preliminary success of our enterprise, and we admire his dedication to a seamless transition,” said Algorand founder Silvio Micali. “Sean is effectively positioned to associate with me to maintain the corporate operations working enterprise as standard, and to assist us transition Algorand to our subsequent section of development.”
Immediately I wish to share with the #algofam that I’m transitioning out of my present position as @Algorand’s CEO to concentrate on key tasks within the @Algorand ecosystem that may assist scale adoption. (a ).
— Steven Kokinos (@stevekokinos) July 27, 2022
The worth of Algorand’s token (ALGO) didn’t appear to be affected by the announcement, rising lower than 1% within the final hour to succeed in $0.31 on the time of publication. The ALGO worth has fallen roughly 87% since reaching an all-time excessive of $2.37 in September 2021.
Associated: What’s the Algorand blockchain, and the way does it work?
In an April interview with Cointelegraph, Micali stated he anticipated “hypothesis will disappear, and real-world use instances of the blockchain will begin” throughout the subsequent 12 months based mostly on extra expertise and elevated scalability. The group behind the Algorand protocol beforehand pledged to make it a carbon-negative blockchain by implementing a “sustainability oracle.”
