Crypto’s Polkadot Co-Founder Wood Leaves Parity CEO Role
- Veteran programmer remains Parity’s majority shareholder
- Björn Wagner, Parity co-founder, will be the new CEO
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Polkadot co-founder Gavin Wood is relinquishing his chief executive role at Parity Technologies, an infrastructure provider that supports the crypto project. He will remain the company’s majority shareholder and chief architect.
Wood, also a co-founder of Ethereum, helped give a high profile to the Polkadot platform, which allows multiple blockchains to talk to each other. Polkadot’s DOT token has a market value of $6.8 billion, making it the 11th biggest cryptocurrency according to data from CoinGecko.