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Amid the change in the leadership of the Aptos blockchain project, the APT price has fallen by ~25% over the past seven days.
The asset now occupies the 33rd line of the CoinGecko rating, competing in capitalization with Bitget Token and the USDS stablecoin.
The new CEO will be the co-founder and CTO of Aptos, Avery Ching, who, according to former CEO Mo Sheikh, “will lead the company to the next stage of growth.”
In a conversation with The Block, a representative of Aptos Labs said that Ching will focus on technological innovations and will try to bring new products to the market as quickly as possible “to support the ecosystem.”
The Aptos blockchain platform operates on the basis of the AptosBFT consensus algorithm, using parallel execution technologies. Move programming is used to create smart contracts.
The project was founded by former employees of Diem (formerly Libra), a division of Meta Corporation, which was closed in early 2022. 3 replies
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