On January 5, the Telos Foundation, a key supporter of the delegated proof-of-stake (DPOS) layer-1 blockchain Telos, announced a significant change in its leadership. They welcomed John Lilic, a former Consensys and Polygon contributor, into the role of Executive Director. This appointment marks a new chapter in the evolution of Telos, which is set to become a layer-0 network underpinned by ZK technology.
The New Vision for Telos
As the newly appointed Telos Foundation Executive Director, Lilic will lead the charge in transforming Telos into a layer-0 network. This transformation aims to attract developers and users from around the globe. Lilic is no stranger to the crypto landscape, having volunteered at the Bitcoin Center NYC in 2014, before joining Consensys in 2015 and later becoming a key advisor for Polygon in 2020. Additionally, he is recognized as a Top 50 Web3 Angel Investor.
Among the key initiatives that Lilic will undertake, he plans to donate the headline sponsorship for ETHCC 2024 to Telos, along with an additional sponsorship at ETH Belgrade 2024. He also aims to establish an external advisory board composed of world-class talent by 2024.
Other Developments in the Crypto Sphere
On January 4, KuCoin Labs, the investment and incubation program of Seychelles-based crypto exchange KuCoin, made a strategic investment in DeMR. This project, built on the Solana blockchain, aims to solve critical issues related to the creation of 3D maps. It proposes a decentralized network and automated AI map reconstruction pipeline, which can gather and reconstruct global full-scene 3D high-definition map data at a lower cost with higher efficiency.
Meanwhile, EOS Network Ventures (ENV) invested $500K in EZ Swap, a multi-chain NFT DEX protocol and inscription marketplace, during its successful second fundraising round in December 2023. This investment is expected to significantly boost EZ Swap’s gaming asset and smart inscription protocol landscape.
Staying Updated in the Crypto World
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As the crypto landscape continues to evolve, the appointment of the Telos Foundation Executive Director and other strategic moves by various players will shape the future of this industry. It’s an exciting time to be part of this digital revolution.
