Starknet Foundation, the non-profit foundation founded by blockchain scalability company Starknet, has appointed former Meta executive Diego Oliva as its first CEO. According to a press release provided to CoinDesk, Oliva will lead the ecosystem’s growth and help with decentralization efforts.
In May 2022, Starknet parent StarkWare achieved an $8 billion valuation after a $100 million funding round. This was followed by the announcement of the foundation’s existence in July, and its official launch in November with a seven-person board and a supply of 5.01 billion Starknet tokens, or about 50.1% of the initial supply of 10 billion tokens. The tokens are not yet available for public trading.
Oliva has a wealth of experience in the tech industry. He served as Meta’s – at the time, Facebook’s – regional director for Europe, the Middle East, and Africa until 2015. He later co-founded and led internet-of-things company Glue Home, and he serves on the board of food-delivery company Just Eat.
STARK Proofs, the cryptography behind Starknet, are delivering the kind of scale for blockchain we didn’t think was possible, Oliva said. I want to see them reach the hands of any interested developer in the world.