Gavin Wood Resigns from CEO Position at Parity

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According to Wood, people like him perform best when they don’t always have to come to work or are limited by a set deadline.

Recently Bloomberg report good has announced the resignation of polka dot Co-founder Gavin Wood stepped down as CEO of blockchain infrastructure firm Parity. The report also said that the vacancy left by Wood’s action would be filled by his fellow Parity co-founder Björn Wagner.

Gavin Wood aims to boost adoption of Polkadot and Web3.0

Speaking about his decision to step down, Wood recalled that he never craved for bigger roles. According to him, he is more interested in coding, designing and other architectural works. And right there is his heart. In a blog post he wrote:

“The role of CEO has never been one that I’ve coveted (and it did long before Parity).”

According to Wood, people like him perform best when they don’t always have to come to work or are limited by a set deadline. Hence, by stepping down, Wood hopes to focus on ways to improve the adoption of the Polkadot blockchain ecosystem. But more importantly, they also want to contribute to the mass adoption of Web3.0.

the journey so far

Recalling his time as CEO, Wood says he spent most of the past two years overseeing the “outfitting” of Parity’s C-suite:

“Parity is a development company that supports the Polkadot blockchain ecosystem. It was first founded as Ethcore in late 2015, while Wagner joined the team about a year later. However, polka dot Didn’t go live until 2020.

Recently, blockchain is taking steps aimed at making it more decentralized. To that effect, Blockchain dissolved its council in June, announcing a new governance system called Governance Version 2 (Gov2).

Wood has been involved in a variety of projects, including Ethereum, which he also co-founded. He is also the producer of Kusama Network.

Despite stepping down from the CEO role, Wood will continue to be Parity’s chief architect. He will also retain his position as the largest shareholder of the firm.

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Mayowa Adebajo

Mayowa is a crypto enthusiast/writer whose conversational character is quite evident in his writing style. He firmly believes in the potential of digital assets and takes every opportunity to replicate it. He is also a reader, a researcher, an astute speaker and a budding entrepreneur. However, far from crypto, Mayowa’s fictional distractions include discussions on football or world politics.

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