Oliva appointed first CEO of Starknet Foundation.

The Starknet Foundation, a nonprofit organization founded by blockchain scalability company Starknet, has appointed Diego Oliva, a former executive from Meta, as its first CEO. According to a press release provided to blockchain, Oliva will lead the growth of the ecosystem and assist with decentralization efforts.

Starknet’s parent company, StarkWare, achieved an $8 billion valuation after a $100 million funding round in May 2022 and announced the foundation’s existence in July. The Starknet Foundation officially launched in November with a board of seven people and a supply of 5.01 billion Starknet tokens, which is approximately 50.1% of the initial supply of 10 billion tokens. The tokens are currently not available for public trading.

Oliva previously served as the regional director for Europe, the Middle East, and Africa for Meta, which was then known as Facebook, until 2015. He later co-founded and led the internet-of-things company Glue Home, and he now 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,” said Oliva. “I want to see them reach the hands of any interested developer in the world.”

Edited by Sheldon Reback.