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Polkadot Co-founder Gavin Wood To Step Down As CEO Of Parity Technologies

Mary Liu

Summary: Polkadot co-founder Gavin Wood said in a statement to Bloomberg that he will resign as CEO of Parity Technologies, a key support team for the Polkadot ecosystem, which is responsible for building the Polkadot and Kusama blockchain ecosystems. Wood is a longtime builder in the crypto space, co-founding Polkadot after exiting the Ethereum Foundation in ...

Polkadot co-founder Gavin Wood said in a statement to Bloomberg that he will resign as CEO of Parity Technologies, a key support team for the Polkadot ecosystem, which is responsible for building the Polkadot and Kusama blockchain ecosystems.

Wood is a longtime builder in the crypto space, co-founding Polkadot after exiting the Ethereum Foundation in 2015. He will remain the majority shareholder in Parity Technologies, and co-founder Björn Wagner will be the new CEO, the report said.

Bitpush Terminal data shows that after the announcement, the price of Polkadot (DOT) fell by about 1.4%, and fell by about 5% in 24 hours.

By Mary Liu

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