Zilliqa declares the establishment of the Zilliqa Group. - Blockchain.News
News

Zilliqa declares the establishment of the Zilliqa Group.

Zilliqa Research Pte. Ltd. has formed the Zilliqa Group, a conglomerate focusing on Web3 and blockchain-based products, including gaming and decentralized finance, with a restructured board overseeing the transition.


  • Aug 24, 2023 03:30
Zilliqa declares the establishment of the Zilliqa Group.

Zilliqa Research Pte. Ltd., the entity behind the high-performance Zilliqa blockchain, has announced the establishment of the Zilliqa Group. This integrated conglomerate is set to pioneer in delivering advanced Web3 and blockchain-based products and solutions. The Zilliqa blockchain remains at the heart of this Group, supporting both the Group's companies and the broader decentralized applications within the Zilliqa ecosystem.

The shift to the Zilliqa Group aims to bring together a variety of industry verticals under one unified structure. This includes the recently separated gaming division, Roll1ng Thund3rz (RTz), and anticipates the launch of ventures in areas such as the spatial web, loyalty, decentralized finance, and more. A distinctive services layer is also highlighted across the Group's framework.

The transition process will be supervised by a restructured board of directors. Mark Hemsley, previously the Chairman of Zilliqa Research, will now chair the Zilliqa Group. The board will also see the continued participation of Zilliqa co-founder Juzar Motiwalla, maintaining his directorial role. Another significant addition to the board is Zilliqa co-founder Max Kantelia, whose expertise in advising businesses is expected to be pivotal in shaping the Group's future trajectory. Kantelia's involvement is anticipated to open doors to diverse sectors, including luxury goods and corporate social responsibility.

The Zilliqa Group's daily corporate operations and decision-making will be centralized under a CEO Office. This office will comprise Group CEO Matt Dyer, Zilliqa CTO Richard Watts, and Sandra Helou, the newly appointed GCC lead for Zilliqa Group. This appointment marks the Group's initial move towards expansion in the GCC region.

The announcement's commentator, Mark Hemsley, Chairman of Zilliqa Group, said, "The establishment of Zilliqa Group symbolises a significant point in our path. We are forging forward on a new path that will see us leading improvements in the Web3 and blockchain domains for many years to come by merging our variety of companies. This will help us stand out in a fast-moving and competitive market.

Matt Dyer, CEO of Zilliqa Group, echoed this sentiment, emphasizing the Group's commitment to consistently innovate and set industry standards. Max Kantelia, co-founder of Zilliqa and new board member of Zilliqa Group, expressed his enthusiasm for the Group's expansive vision and the potential it holds.

Image source: Shutterstock