Starknet Foundation CEO Diego Silva Steps Down

The Starknet Foundation has announced the resignation of its Chief Executive Officer, Diego Oliva, effective since March 2023. Oliva, the inaugural CEO of the Starknet Foundation, will be stepping down, with the announcement made on August 6. The Starknet Foundation is renowned for its role in developing Starknet, a zero-knowledge (ZK) powered layer-2 scaling solution for Ethereum.

Starknet Foundation’s Leadership Transition

Diego Oliva’s tenure marked significant achievements, including the establishment of a robust team and organizational structure within the Foundation. Under his leadership, the Foundation successfully executed the Provisions project and initiated multiple ecosystem development projects, such as DeFi Spring, Seed Grants, and the Catalyst and Propulsion programs.

James Strudwick, who joined the Starknet Foundation in January 2024 as the head of ecosystem growth, will succeed Oliva as the executive director. Oliva will remain with the Foundation for the next month to ensure a smooth transition and continuous platform operations.

Starknet’s Ongoing Growth and Innovations

Starknet has recently completed its STRK airdrop and unveiled plans to scale Bitcoin using its proprietary STARK technology. StarkWare, the organization behind Starknet, has indicated that this success would position Starknet as the first Layer 2 network capable of achieving simultaneous settlement and scaling for both Ethereum and Bitcoin.

Moreover, Starknet has integrated Chainlink and Pyth oracles, enhancing its capabilities to support the burgeoning decentralized applications (dApps) ecosystem.

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