Marieke Flament Resigns as CEO of Near Foundation
Marieke Flament has stepped down as the CEO of Near Foundation, and Chris Donovan, the general counsel, will assume the role. Although Flament claims to have had no knowledge of NEAR two years ago, she now believes it has one of the best-funded treasuries in the industry.
Flament Asserts Near Foundation Enforces Strict Governance
In her recent statement, Flament states that she will continue to be involved with NEAR as a council member and advisor to Donovan. She joined NEAR after recognizing its potential and impressive technology.
Flament highlights NEAR’s partnerships with major companies like Google, Amazon, and KPMG over the past two years. She also mentions that user growth has increased from 50,000 to 3 million monthly active accounts. Additionally, 66% of the top Decentralized Apps (Dapps) are built on NEAR.
The NEAR protocol currently ranks 36th in terms of Total Value Locked (TVL), with $36.59 million locked. Ethereum holds the top position with $21.18 billion in TVL. NEAR’s token price is $1.13.
Flament’s goal was to contribute to an Open Web and leverage decentralized technology to address significant global challenges. She mentions the creation of NEAR Horizon, an on-chain platform that supports project founders in improving their projects.
Despite internal and external crises in the crypto industry, Flament claims that NEAR has a secure treasury of $350 million with 330 million NEAR tokens.
Crypto Industry Experiences Resignation Trend
There have been several recent resignations in the crypto industry. Binance.US saw three senior executives resign, including the head of legal and chief risk officer, following CEO Brian Shrodder’s resignation. Binance.US is also facing legal issues with the SEC.
Peter Marton, the deputy superintendent of virtual currency at the New York State Department of Financial Services, will also resign at the end of this month.
Hot Take: Departures Shake Up Crypto Industry
The crypto industry is undergoing significant changes as key figures step down from their positions. Marieke Flament’s resignation as CEO of Near Foundation marks another departure that could impact the company’s future direction. However, Chris Donovan’s appointment as the new CEO provides an opportunity for fresh leadership and perspective.
Furthermore, the string of resignations at Binance.US and Peter Marton’s departure from the New York State Department of Financial Services reflect ongoing challenges and regulatory pressures faced by cryptocurrency companies. These developments highlight the need for stability, transparency, and adaptability within the industry to ensure its long-term growth and success.
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