Chris Amani becomes the new CEO of Terraform Labs and plans to revive the Terra project after the collapse of Terrausd.

Von Krypto News Österreich

Terraform Labs ernannte Chris Amani, der seit 2021 für das Unternehmen tätig ist und zuvor als COO und CFO fungierte, zum neuen CEO. Dies geht aus einem Bericht des Wall Street Journal vom 20. Juli hervor. Das Unternehmen hat vor Kurzem mit erheblichen Problemen zu kämpfen gehabt, als sein Stablecoin TerraUSD im Mai 2022 zusammenbrach. Nichtsdestotrotz setzt Terraform Labs seine Aktivitäten in Singapur fort und Chris Amani zeigt sich optimistisch über die Zukunftsaussichten des Unternehmens. Amani glaubt daran, dass es möglich ist, das Terra-Projekt zu retten, obwohl dies Zeit und Anstrengung erfordern wird. Das Unternehmen plant die Entwicklung von Anwendungen, …
Terraform Labs appointed Chris Amani, who has been working for the company since 2021 and previously acted as COO and CFO, a new CEO. This emerges from a report by the Wall Street Journal on July 20. The company recently had to struggle with significant problems when his StableCoin Terrausd collapsed in May 2022. Nevertheless, Terraform Labs continues its activities in Singapore and Chris Amani is optimistic about the future prospects of the company. Amani believes that it is possible to save the Terra project, although this will require time and effort. The company plans to develop applications ... (Symbolbild/KNAT)

Terraform Labs appointed Chris Amani, who has been working for the company since 2021 and previously acted as a COO and CFO, a new CEO. This emerges from a report by the Wall Street Journal on July 20. The company recently had to struggle with significant problems when his StableCoin Terrausd collapsed in May 2022. Nevertheless, Terraform Labs continues its activities in Singapore and Chris Amani is optimistic about the future prospects of the company.

Amani believes that it is possible to save the Terra project, although this will require time and effort. The company plans to develop applications that offer real benefits. More details will be announced in the near future.

Under AMISIS Leadership, around 40 employees at Terraform Labs will work to achieve the goals set. However, the company has no plans to launch a new StableCoin as a replacement for Terrausd. Instead, the focus will be on other aspects of the Terra project to facilitate its restoration.

Amani is confident that the Restry plan from Terraform Labs from Terra 2.0 blockchain and the Luna Classic (Lunc) token will differ or build on it. Both technologies are already in operation. At the same time, the company faces challenges, especially with regard to legal problems around the former CEO and co -founder Do Kwon. Despite these obstacles, Terraform Labs remains true to his vision and is determined to master the challenges that lie ahead.