Matter Labs welcomes Microsoft's Web3 specialist, Vassilis Tziokas, to its team.
Matter Labs, a venture-backed company developing the Layer-2 scaling solution zkSync, has attracted high-profile investors including the Ethereum Foundation, Coinbase Ventures, Paradigm, a16z (Andreessen Horowitz), and others. These investors are known for their support of blockchain venture capital and crypto-native investment firms that back Layer-2 scaling solutions like zkSync.
Vassilis Tziokas, who spent nearly eight years at Microsoft, most recently as its global lead for web3 and AI business development and strategy, has joined Matter Labs as the head of enterprise business development. Tziokas' move to Matter Labs comes at a time of growing enterprise interest in web3.
Tziokas believes that zkSync has the potential to revolutionize the way businesses interact with the blockchain. The solution uses zero-knowledge proofs to roll up thousands of transactions into a single batch before submitting them to the Ethereum mainnet, making transactions faster and cheaper for users. This could lead to applications such as banking the unbanked, more secure enterprise systems, shared industry-specific protocols, driving efficiencies at global scale, and new user experiences.
Enterprise interest in web3 is growing rapidly, with 60% of enterprises planning to experiment with web3 technologies in the next year according to a recent Gartner survey. Tziokas wants to leverage his experience at Microsoft to attract enterprise adoption to web3 via zkSync's Ethereum Layer 2 scaling solution.
Matter Labs is already working with a number of Fortune 500 companies on developing web3 applications on zkSync. The company has raised over $500 million in funding from investors such as Andreessen Horowitz, Sequoia Capital, and Coinbase Ventures, positioning it well to capitalize on the growing enterprise interest in web3. Tziokas' appointment is a sign of Matter Labs' commitment to enterprise adoption.
Tziokas believes that web3 is the next generation of the internet and that zkSync scales Ethereum to be a highly scalable, reliable, and cost-effective computing platform. He sees zkSync as unlocking a new part of the internet to be built out, and he is excited to join Matter Labs as they work to make web3 a reality.
In summary, Matter Labs' work on zkSync has attracted significant investment and interest from industry leaders, and the appointment of Vassilis Tziokas as head of enterprise business development signals a commitment to driving enterprise adoption of web3 technologies. With Tziokas' experience and expertise, Matter Labs is well-positioned to capitalize on the growing enterprise interest in web3 and to revolutionize the way businesses interact with the blockchain.
