Matter Labs welcomes Web3 expert Vassilis Tziokas from Microsoft
Matter Labs, a leading player in the blockchain industry, is making waves with its innovative Layer 2 scaling solution, zkSync. The company, backed by heavyweight investors such as Andreessen Horowitz, Sequoia Capital, Coinbase Ventures, and others, has raised over $500 million in funding for the development of zkSync.
At the helm of enterprise business development for Matter Labs is Vassilis Tziokas, who brings a wealth of experience in web3 and AI business development and strategy from his near-eight-year tenure at Microsoft. Tziokas' move to Matter Labs is strategic, as he aims to leverage his expertise to attract enterprise adoption to web3 via zkSync's Ethereum Layer 2 scaling solution.
Tziokas' vision for zkSync is ambitious. He envisions it as a new part of the internet, aiming to bank the unbanked, provide more secure enterprise systems, foster shared industry-specific protocols, and create new types of user experiences. Tziokas believes that web3 is the next generation of the internet and that zkSync has the potential to revolutionize the way businesses interact with the blockchain.
zkSync achieves this by using zero-knowledge proofs to roll up transactions, making them faster and cheaper for users. This scaling solution has caught the attention of a number of Fortune 500 companies, with Matter Labs currently working with them on developing web3 applications on zkSync.
Enterprise interest in web3 is growing rapidly, with 60% of enterprises planning to experiment with web3 technologies in the next year according to a recent Gartner survey. Tziokas' appointment to Matter Labs is a sign of the company's commitment to enterprise adoption, and a testament to its belief in the transformative potential of zkSync.
As Tziokas takes the reins at Matter Labs, he is confident that zkSync can scale Ethereum to be a highly scalable, reliable, and cost-effective computing platform. With Tziokas' leadership and the backing of major venture capital firms, Matter Labs is well-positioned to lead the charge in bringing web3 to the enterprise world.
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