A new managing director has been appointed to the Sui Foundation by Christian Thompson

Christian Thompson is the new managing director of Sui Foundation.

"Mainstream adoption of decentralized technology has never been more obtainable," said Raoul Pal, CEO of Real Vision and a Sui Foundation Board Member, in a statement released Thursday. The next billion people to use cryptocurrency will likely start with Sui, in my opinion. Christian will have the power to make that dream a reality in his role as managing director of the Sui Foundation.

In a statement, Meta claimed that Thompson was a "early member" of the blockchain Diem project, which ultimately failed. Prior to that, Thompson worked at Mysten Labs. Evan Cheng, co-founder of Mysten Labs and a former employee of Meta, is the primary creator of the Sui network.

Thompson takes over for Greg Siourounis, who has been with the Sui Foundation from its start in 2023 and has been the managing director.

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"In less than two years, due to its scalable and accessible design, Sui has grown into a top destination for millions of crypto users," Thompson pointed out. We are at a crossroads where billions more people will be able to enjoy web3's advantages... Engaging developers, expanding the community, and presenting Sui as the portal to the digital future of the globe are all things I eagerly anticipate.

An alternative to Ethereum and Solana, Sui is a proof-of-stake Layer 1 blockchain.

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