PANews, December 20 news, according to CoinDesk, Aptos Labs co-founder Mo Shaikh announced his resignation as CEO, and co-founder Avery Ching will take over. Aptos is a Layer-1 blockchain that emphasizes high scalability, security, and transaction speed, built on the Move programming language developed for Facebook's 'Diem' project.
In a lengthy post on social platform X, Shaikh reviewed Aptos's achievements over the past three years, including successfully raising $400 million in venture capital and building a strong ecosystem supported by thousands of developers. He expressed gratitude for the support of investors such as BlackRock, Google, Mastercard, and PayPal, and stated he would continue to support the company's development in a strategic advisory role while reflecting on the future of blockchain and financial systems.