{"id":159603,"date":"2022-07-01T19:03:11","date_gmt":"2022-07-01T19:03:11","guid":{"rendered":"https:\/\/precoinnews.com\/?p=159603"},"modified":"2022-07-01T19:03:11","modified_gmt":"2022-07-01T19:03:11","slug":"ignite-ceo-announces-departure-after-seven-years","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/ignite-ceo-announces-departure-after-seven-years\/","title":{"rendered":"Ignite CEO announces departure after seven years"},"content":{"rendered":"

Peng Zhong, the chief executive officer of Ignite \u2014 formerly Tendermint and backer of the Cosmos ecosystem \u2014 has announced he will be leaving the firm.<\/p>\n

In a Friday tweet to his more than 20,000 followers, Zhong said July 1 will be his last day at Ignite, where he has been working as CEO since May 2020. Prior to that, the now-former Ignite CEO was chief design officer at the firm\u2019s Kuala Lumpur and Toronto offices since he started in 2015. It\u2019s unclear what led to his decision to leave the company.<\/p>\n

Ignite, formerly known as Tendermint, is a core contributor to the Cosmos ecosystem. During Zhong\u2019s time at the firm, many knew him for developing the first Cosmos crypto wallet, Voyager, later renamed Lunie, and helping facilitate the introduction of liquid staking to the ecosystem. <\/p>\n

Co-founded by software developers Jae Kwon and Ethan Buchman in 2014, Cosmos allows interoperability between blockchains by making information flow and transactions seemingly easier to execute. Kwon left his position as Tendermint CEO in 2020, but returned following the company\u2019s rebrand in May creating Ignite and NewTendermint \u2014 he is now CEO of the newly branched firm.<\/p>\n

Related: <\/em><\/strong>\u2018We’ll see about 200 chains connected through Cosmos\u2019 IBC next year,\u2019 says Tendermint CEO Peng Zhong<\/em><\/strong><\/p>\n

According to data from Cointelegraph Markets Pro, the price of Cosmos (ATOM) is $8.09 at the time of publication, having risen more than 3.5% since Zhong\u2019s announcement.<\/p>\n

Cointelegraph reached out to Jae Kwon and Peng Zhong, but did not receive a response at the time of publication. This story may be updated.<\/em><\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Peng Zhong, the chief executive officer of<\/p>\n","protected":false},"author":3,"featured_media":159602,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nIgnite CEO announces departure after seven years - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/ignite-ceo-announces-departure-after-seven-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ignite CEO announces departure after seven years - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Peng Zhong, the chief executive officer of\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/ignite-ceo-announces-departure-after-seven-years\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-01T19:03:11+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2022\/07\/Ignite-CEO-announces-departure-after-seven-years.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/ignite-ceo-announces-departure-after-seven-years\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/ignite-ceo-announces-departure-after-seven-years\/\",\"name\":\"Ignite CEO announces departure after seven years - 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