New President & CEO For Celo DeFi Stablecoin. Dapps, Exchanges, & +100 New Team Members Join Community And Show Growth.
Celo continues to grow at an exponential rate. As cLabs and the Celo Foundation continue to make strides in bringing DeFi Crypto to over 150 countries. Celo is truly unique in that their mission and trajectory are lined up perfectly. Celo has seen amazing growth, and this coming year is not going to be any slower.
Join me in congratulating Tim Moreton on his promotion to CEO of cLabs.
Four years ago, in late 2017, we started building what has become Celo. It has been 1.5 years since the Celo Protocol was launched by the community. The network has managed an incredible 100% uptime, with over 50M transactions processed, as hundreds of applications have launched on Celo. We’ve experienced significant growth — especially over the last 6 months — and our trajectory continues to accelerate. Both the Celo Foundation and cLabs have grown rapidly, adding 100+ new team members to serve the mission of the broader community and users globally.
Tim Moreton joined our founding team in June 2018, and his leadership at cLabs has been instrumental to the growth and success of Celo. Tim is an excellent technologist and key contributor to Celo, as well as a valuable thought partner for the ecosystem. He’s also an extraordinary entrepreneur, founding Acunu and leading it through an acquisition by Apple. There is no better person to lead cLabs as we continue to grow, contribute to the Celo ecosystem, and help incubate and launch products like Valora.
To help the Celo Foundation flourish and better support the broader Celo ecosystem, I am moving into the role of President. I look forward to working with the wonderful team at the Celo Foundation, which includes many early Celo contributors and community members, as well as our fantastic board members — Dick Parsons, Morgan Beller, Jai Ramaswamy, and my fellow Celo co-founders Marek Olszewski and Sep Kamvar.
There are numerous milestones to celebrate, and it’s been amazing to watch the many applications built on Celo start to solve real-world problems. Our North Star — to build a financial system that creates the conditions for prosperity for everyone — remains. While millions of people are already benefiting from Celo in over 150 countries, we have more work to do to bring our solutions to the 6B smartphone users around the world. But if the last four years are an indication, we can achieve a great deal in a short amount of time!
I am extremely excited for what’s ahead.