Uri Kolodny, the CEO and co-founder of StarkWare Industries, has resigned from his position due to family health issues. Nevertheless, he will continue serving as a board member for StarkWare and the Starknet Foundation.
Kolodny made his decision public on X and appointed Eli Ben-Sasson, the president and a founding team member of the company, as the new CEO.
In response to Kolodny’s announcement, Ben-Sasson expressed both gratitude and sadness. He recognized the impact of the health challenges on Kolodny and his family and lamented the departure of their brilliant, compassionate, and charismatic CEO.
In his closing statement, the new CEO acknowledged the significant challenge of filling Uri Kolodny’s substantial shoes and pledged to uphold the ethos and values of StarkWare.
StarkWare, established in 2018 by Kolodny and his long-time friend Ben-Sasson, specializes in cryptographic proof systems designed to address scalability issues on the Ethereum blockchain.
Under Kolodny’s leadership, StarkWare achieved an impressive $8 billion valuation and developed STARK-based technology that supports a thriving blockchain ecosystem.
What is Next?
In a recent blockchain projection report published on January 8th, Ben-Sasson, in collaboration with Avihu Levy, the Head of Product, and Liron Hayman, the Head of Business Development, shared their insights regarding upcoming trends, forecasts, and advancements within StarkWare.
Ben-Sasson expressed his anticipation for the realization of decentralized governance, the concept of proof of humanity, and the establishment of robust public services by the year’s end. He emphasized that these objectives are in alignment with the core goals of the ecosystem.
Meanwhile, Levy highlighted the robustness of Starknet, an innovative solution developed by the company that provides limitless scalability while preserving Ethereum’s decentralization and security. He anticipates a surge in on-chain gaming and the emergence of user-friendly wallets that will simplify the blockchain experience.
On the other hand, Hayman delved deeper into Ethereum, emphasizing the transformative impact of tokenizing real-world assets and predicting substantial interest from participants in traditional finance.
With Ben-Sasson now at the helm, the expectation is for utility-focused development and innovations that will have a significant impact on the growth trajectory of StarkWare.
