Sina Nader, former FTX US Head of Partnerships, becomes Head of Strategy at Mysten Labs.

Sina Nader, former FTX US Head of Partnerships, becomes Head of Strategy at Mysten Labs.

Former FTX Executives Joining Mysten Labs: A testament to the growing influence of the blockchain industry

Sina Nader, the former head of partnerships at FTX US, has recently joined Mysten Labs as its new head of strategy. Mysten Labs, a Palo Alto-based Web3 startup co-founded by Evan Cheng and other former employees of Meta Platforms, aims to make the decentralized web safer and more accessible. With backing from influential supporters such as a16z crypto, Apollo, and Coinbase Ventures, Mysten Labs has garnered attention and interest within the industry.

Before joining Mysten Labs, Nader held key roles in prominent financial and crypto institutions including brokerage firm Robinhood and global investment firm Morgan Stanley. During his tenure as the head of partnerships at FTX, Nader played a crucial role in driving brand partnerships, including those with celebrities, sports figures, and social media companies. His experience and expertise make him a valuable addition to Mysten Labs.

Nader expressed his excitement about joining Mysten Labs, noting that the company has approached blockchain technology from a fresh perspective and has already achieved remarkable scalability. He emphasized the importance of leveraging past experiences in the crypto landscape and applying them to contribute positively to the industry’s ongoing evolution.

The appointment of Nader at Mysten Labs reflects a broader trend among former FTX executives securing new roles within the blockchain industry. For instance, Zhe “Constance” Wang, a former executive at FTX, recently joined Sino Global Capital, a crypto venture-capital firm. Additionally, Brett Harrison, former FTX US President, established Architect Financial Technologies, a company focused on providing high-quality trading software for sophisticated individual investors.

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Harrison’s departure from FTX US in September 2022 was due to prolonged disagreements and tension with Sam Bankman-Fried, the boss of FTX’s main branch. However, Harrison’s reputation remains intact thanks to his proactive stance against Bankman-Fried’s dominance in the industry. Architect Financial Technologies successfully raised $5 million in January, receiving investments from Coinbase Ventures, Anthony Scaramucci, and other prominent figures.

The involvement of former FTX executives in new ventures demonstrates the expanding influence and opportunities within the blockchain industry. Their expertise and insights gained from their tenure at FTX, combined with the growing adoption of blockchain technology, have allowed them to explore new avenues and make significant contributions.

In conclusion, the entrance of Sina Nader into Mysten Labs and the endeavours of former FTX executives in the blockchain industry signify the continued growth and innovation within this field. As more prominent figures join and establish their roles in the industry, it further solidifies the potential and importance of blockchain technology in shaping the future of decentralized systems.

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