Chia’s Bram Cohen Steps Down as CEO, Focuses on Tech Side
Chia Network’s Founder, Bram Cohen, has stepped down as Chief Executive to focus more on the technology side as the project aims to go public.
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According to a press release, Gene Hoffman will replace Cohen as CEO to scale organizational infrastructure. He said:
«Bram and I have worked closely since Chia Network was founded and especially once I came on full-time in 2019.»
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Hoffman reassured Chia’s followers that Cohen will continue to drive «innovation in Chialisp and the primitives the chain provides.» Amid the news, Chia’s native altcoin XCH surged 7% to $41.4 with $260 million of market capitalization.
It is unclear though when exactly Chia plans to undergo an IPO as no timeframe for the plan has been revealed so far.
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