Mo Shaikh, co-founder of Aptos Labs, announced that he is stepping down as CEO of the company.
Aptos is a layer 1 blockchain that aims to offer scalability, security, and improved transaction speeds. The platform leverages a unique blockchain programming language called Move, which was originally created for Facebook’s closed “Diem” project.
In a lengthy post on one of the strongest ecosystems, trusted by more than a thousand builders and innovators around the world.
For as long as I can remember, I have been passionate about building systems that empower people: more fair and open systems. Since 2016, I have been deeply involved in the blockchain world, exploring and contributing to its socially and economically transformative potential.
Three…
– Mo Shaikh 🌐 aptOS (@moshaikhs) December 19, 2024
Ching, Shaikh said, will take on the role of CEO and lead the company into its next phase of growth.
In his X post, Shaikh acknowledged the work of Aptos’ partners and investors, including companies 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 thanks 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 said he will remain with the company as a strategic advisor and plans to take time to reflect on the future of blockchain and financial systems. “I will always remain an advocate for Aptos and its mission,” he wrote, adding that he “looks forward to continuing to help Aptos maintain its role as the world’s leading blockchain.”
