Algorand Foundation Names Former JP Morgan Executive as CEO, ALGO Soars 10%
2022年2月11日 - 7:00AM
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Today, the Algorand Foundation announced the appointment of Staci
Warden as their CEO. On the board of the foundation since September
2021, according to a press release, Warden will take on the
responsibilities as its leader. Related Reading | Bitcoin Steadies
Above $45k, US Inflation Comes In At 7.5% Year Over Year The
Algorand Foundation will nurture from Warden vast experience.
Before joining the organization, she ran the Global Market
Development practice at the Milken Institute, a nonprofit think
tank created with the objective of aiding people at “building
meaningful lives”. At the Milken Institute, Warden led the
nonprofit’s work on capital market development, innovative finance
with sustainable development goals, and crypto and blockchain
solutions, according to the release. Its subsequent participation
in the Algorand ecosystem seems like a logical step. This network
aims at becoming the hub for the “future of finance” running on its
Proof-of-Stake (PoS) blockchain by merging decentralize and
traditional finances. Designed with a non-carbon emission approach,
with low-cost and a scalable network, Warden has acknowledged its
potential. According to Kieron Guilfoyle, the Foundation’s Board
Chairman: Staci understands the potential for Algorand to become a
dominant Layer One blockchain, and she has the experience and
expertise to drive our global efforts to scale and to deliver
outstanding value to our community. I know she will waste no time
in shifting the Algorand Foundation into its expansion phase. In
addition to her experience at the Milken Institute, Warden ran JP
Morgan’s Europe, the Middle East and Africa (EMEA) practices. She
also led the Nasdaq’s two market for microcap companies and held
senior positions in the public and nonprofit sector at the U.S.
Treasury Department, according to the release. Furthermore, Warden
worked for the Center for Global Development, and the Harvard
Institute for International Development. The new member at the
Foundation has experienced doing business in over 50 countries with
a vast knowledge of the use cases and potential for crypto to aid
people and mitigate real world issues. The Algorand Foundation, And
How Crypto Can Help The World The Foundation believes the current
year will be “key” in the development of ALGO network. In 2022,
they expect the DeFi sector, Non-Fungible Tokens (NFTs), to
continue to gain relevance and increase their adoption rates. In
that sense, the Foundation has set out to make the network a core
“building block” for the digital economy of the future. Warded
stated the following on her new role: 1.7 billion people in the
world do not have access to finance, and the Algorand protocol has
the speed, the security, and the decentralization to address the
problem of global financial inclusion at scale. By both ratcheting
up our global ambitions as well as doubling down on our commitment
to the DeFi ecosystem, I know that we will deliver tremendous value
for both the Algorand ecosystem as a whole and the end-users it
supports. Related Reading | Algorand, Solana, And More Lead List Of
Biggest Losing Altcoins As of press time, ALGO trades at $1,01 and
has seen an almost 10% profit in the last week as the crypto market
continues to trend to the upside. As the year enter the end of its
first quarter, it’ll be interested to see if ALGO and the market in
general will be able to sustain their bullish momentum.
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