Ex-Ripple exec joins Algorand Foundation as CTO to reboot its L1 strategy

Crypto NewsMonday, September 29, 2025 at 2:30:32 PM
Ex-Ripple exec joins Algorand Foundation as CTO to reboot its L1 strategy
In an exciting development for the blockchain community, Nikolaos Bougalis, the former lead developer at the XRP Ledger, has joined the Algorand Foundation as Chief Technology Officer. This strategic move marks a significant L1-to-L1 executive transition, signaling Algorand's commitment to enhancing its Layer 1 strategy. Bougalis's expertise is expected to drive innovation and strengthen Algorand's position in the competitive blockchain landscape, making this appointment a noteworthy event for both the foundation and its supporters.
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