Crypto CEOs are out.
Gemini co-founder Cameron Winklevoss is out of a director of Gemini Europe.
Other CEOs like Genesis CEO Michael Moro, MicroStrategy CEO Michael Saylor, Kraken CEO Jesse Powell, Alameda Research co-CEO Sam Trabucco, Celsius’ Alex Mashinsky, Neobank’s chief executive Daniel Leon, Polkadot Co-Founder Gavin Wood, and FTX.US President Brett Harrison are all announced to step down recently.
Will these indicate some shake-up on Web3, and what will come next?
Part of the reasons is the challenging market conditions that crypto may not hold its promises during the high inflation environment, but also potential tougher regulations are coming with institutional adoptions that likely take over crypto in the coming years.
I believe the crypto space is different than the traditional sense of the company, which the crypto changes every day.
The market evolves more frequently than ever, and previous visions will have to align with the market or be outdated.
Competition is fevered, and scams are everywhere.
That is why you need team members to stay as long as in the space as much as possible.
Plus, we do not need a CEO in a sense to lead the crypto company anyway.
As long as people have a workable idea, that is sufficient to push the “company” move forward.
In these senses, I do not worry about the Web3 future.
I would treat these exits are better to offer more opportunities for newbies.
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