Microsoft veteran Vassilis Tziokas has joined zkSync developer Matter Labs as its head of enterprise business development.
Tziokas spent nearly eight years at Microsoft, most recently as its global lead for web3 and AI business development and strategy. He wants to leverage that experience to unlock the “holy grail” of web3, attracting enterprise adoption to the space via zkSync’s Ethereum Layer 2 scaling solution.
“I believe that web3 is the next generation of the internet, and I’m excited to join Matter Labs as they work to make it a reality,” Tziokas said. “zkSync is a leading Layer 2 scaling solution for Ethereum, and I believe it has the potential to revolutionize the way businesses interact with the blockchain.”
Tziokas’ appointment is a sign of Matter Labs’ commitment to enterprise adoption. The company is already working with a number of Fortune 500 companies on developing web3 applications on zkSync.
Tziokas believes that zkSync scales Ethereum to be a highly scalable, reliable and cost-effective computing platform, which unlocks a new part of the internet to be built out. Whether it’s banking the unbanked, more secure enterprise systems, shared industry-specific protocols to drive efficiencies at global scale or new types of user experiences that naturally come with new computing environments similar to what we’ve seen with the advent of the internet itself or the mainstream adoption of cloud and mobile.
zkSync is a Layer 2 scaling solution that uses zero-knowledge proofs to roll up thousands of transactions into a single batch before submitting them to the Ethereum mainnet. This makes transactions faster and cheaper for users.
Tziokas’ move comes at a time when enterprise interest in web3 is growing rapidly. According to a recent survey by Gartner, 60% of enterprises are planning to experiment with web3 technologies in the next year.
Matter Labs is a venture-backed company that is developing zkSync. The company has raised over $500 million in funding from investors such as Andreessen Horowitz, Sequoia Capital, and Coinbase Ventures.
With Tziokas’ experience and expertise, Matter Labs is well-positioned to capitalize on the growing enterprise interest in web3.
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