Gavin Wood, co-founder of Polkadot (DOT), announced that he is leaving his CEO position at Parity Technologies, the main promoter and creator of its ecosystem.
Gavin Wood, the company responsible for building Polkadot’s blockchain ecosystem Parity Technologiesresigned from the CEO seat. Wood, who is one of the founding partners of Polkadot, will continue to hold the majority shares of Parity Technologies. Currently the chief commercial officer of the company Bjorn Wagnerwill take on the role of CEO after Wood.
However, Wood will make a more critical move, assuming the Chief Architect for Parity and continuing his work for the DOT ecosystem. Wood made the following statements about the said intercompany position change:
The role of CEO has never been one that I envied. Anyone who works with me knows where my heart is. I am a thinker, coder, designer and architect. I will refocus on exploring how we can contribute to making Polkadot and Web3 more relevant to large segments of the population.
The price of Polkadot upon the announcement is approx. 1% down lived. CoinGecko According to the data, at the time of writing the news from $5.82 traded in the markets.