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Sui Foundation Appoints Managing Director to Drive Blockchain Awareness and Growth
The Sui Foundation, which is committed to promoting the layer 1 blockchain Sui, has selected a managing director to oversee the development of the ecosystem, in the wake of an extended market downturn, coupled with regulatory crackdowns.
Greg Siourounis, who was previously employed at Barclays Capital and currently serves as an economics professor at Panteion University of Social and Political Sciences in Athens, Greece, has assumed the newly established role with immediate effect.
The recent appointment is a key component of the year-old blockchain's strategy to increase activity and growth within the network, by encouraging the creation of decentralized applications and expanding the user base. Achieving this objective will require Sui to cultivate an inclusive community that attracts a diverse range of individuals, according to Siourounis, who spoke with CoinDesk.
“Our aim as a foundation is to increase awareness about the blockchain, not only with the developers community … but also with the rest of the world, which is entrepreneurs, startups, corporates, governments,” Siourounis said.
According to Siourounis, The Sui Foundation will maintain its commitment to financing grants for developers on the network and providing educational resources to the community on the technology that powers the network. Currently, the foundation provides developer grants that range from $10,000 to $100,000, along with its native SUI token as an additional supplement to these awards.
Siourounis stated that the Sui Foundation will not only encourage further research into blockchain technologies, an area where knowledge is currently limited, but also foster greater empathy and cooperation within the decentralized finance community. This is particularly important as regulators continue to tighten their oversight of the digital asset industry.
“The main issue we have is that there's not enough knowledge about blockchain technology and what it can bring to our community and the world, and how this can help actually change the everyday life of everyone out there,” Siourounis said.
Sui, which was founded by former engineers from Meta and is backed by Mysten Labs, launched in early 2022 as a cost-effective platform for executing smart contracts and powering applications with high throughput and low latency. Currently, the blockchain is preparing to launch an initial coin offering for its native token, SUI.
Source Coindesk
