Matter Labs welcomes Microsoft's Web3 expert, Vassilis Tziokas, to their team.
In a strategic move aimed at unlocking the potential of Web3 for businesses, Vassilis Tziokas, a seasoned tech executive with nearly eight years of experience at Microsoft, has joined Matter Labs as the head of enterprise business development.
Tziokas' appointment comes as Matter Labs, a venture-backed company developing the leading Layer 2 scaling solution for Ethereum, zkSync, prepares to capitalize on the growing enterprise interest in Web3. According to a recent Gartner survey, 60% of enterprises are planning to experiment with Web3 technologies in the next year.
With his extensive background in web3 and AI business development and strategy at Microsoft, Tziokas brings a wealth of knowledge and experience to Matter Labs. His vision for the company includes banking the unbanked, more secure enterprise systems, shared industry-specific protocols to drive efficiencies at global scale, and new types of user experiences. He also sees potential in new computing environments similar to what we've seen with the advent of the internet itself or the mainstream adoption of cloud and mobile.
Tziokas believes that zkSync has the potential to revolutionize the way businesses interact with the blockchain. By using zero-knowledge proofs to roll up transactions into a single batch for submission to the Ethereum mainnet, zkSync makes transactions faster and cheaper for users. This scalability, combined with its reliability and cost-effectiveness, positions zkSync as a highly scalable, reliable, and cost-effective computing platform.
Matter Labs is already working with a number of Fortune 500 companies on developing Web3 applications on zkSync. This collaboration is a testament to the growing interest in Web3 from the enterprise sector. Tziokas' move to Matter Labs further strengthens the company's commitment to enterprise adoption.
Other investors in Matter Labs, besides Andreessen Horowitz, Sequoia Capital, and Coinbase Ventures, include Clave and Y2Z Ventures. The company has raised over $500 million in funding to date.
With Tziokas' expertise and Matter Labs' innovative technology, the stage is set for a transformative impact on the way businesses interact with the blockchain. The future of Web3 is bright, and Tziokas' vision for zkSync is a significant step towards realizing that future.
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