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Telos Foundation’s Strategic Leap: John Lilic at the Helm

TL;DR

  • The Telos Foundation has appointed John Lilic, a former contributor to Consensys and Polygon, as its new Executive Director to leverage his expertise in blockchain for the strategic growth of Telos.
  • Lilic’s role will focus on transitioning Telos into a Layer 0 network using Zero-Knowledge technology, and he plans to forgo his salary until the foundation’s goals are met, reflecting his commitment to its success.

In a move that marks a huge advancement for the Telos Foundation, the organization has welcomed John Lilic, a seasoned blockchain expert, as its new Executive Director. Lilic’s journey in the blockchain realm is both rich and varied, having made substantial contributions at Consensys and Polygon, where he was integral in the development of groundbreaking technologies like MetaMask. Renowned as a Top 50 Web3 Angel Investor, Lilic’s deep understanding of blockchain technology is poised to steer Telos into its new phase as a Layer 0 network, with a keen focus on Zero-Knowledge (ZK) technology.

Lilic’s blockchain career started at the Bitcoin Center NYC in 2014, followed by significant roles at Consensys and Polygon. His advisory role at Polygon, in particular, was pivotal in its ascent as a leading cryptocurrency platform. At Telos, he aims to harness the rich experience to overcome challenges in product development and network growth, while also providing strategic advisory.

The role and vision of the new executive director for Telos Foundation

In his role as Executive Director, Lilic will act as the public face of the Telos Foundation, engaging in global outreach through various conferences and events. His responsibilities will encompass forming strategic partnerships and overseeing initiatives in technology development, grants, research, budgeting, and education. Collaborating with CEO Lee Erswell and Justin Giudici, the former CEO and current Head of Strategy, Lilic is set to enhance the company’s market presence and growth potential. Notably, he has chosen to forego a salary until the foundation achieves its organizational goals, underscoring his commitment and belief in the foundation’s vision.

Lilic’s appointment is marked by his enthusiasm to leverage his extensive experience to elevate Telos, particularly through the development of products utilizing novel ZK Proof technology and expanding the network’s capabilities. “I’m looking forward to applying my extensive experience and insights from my time with the Bitcoin Center NYC, ConsenSys, Polygon, and other successful ventures. My goal is to help steer Telos on a path to success by focusing on product development with novel ZK Proof technology and expanding our network capabilities and usage, thereby ensuring Telos thrives in the ever-evolving industry,” Lilic stated.

Initiatives and plans under Lilic’s leadership

As his first initiative, Lilic has orchestrated the donation of headline sponsorship for ETHCC 2024 to Telos, along with an additional sponsorship at ETH Belgrade 2024. These events will provide vital opportunities for Telos to showcase its upcoming ZK technology releases and expand its influence in Europe.

Looking ahead, under Lilic’s guidance, the Telos Foundation aims to establish an external advisory board in 2024, comprising top-tier talent. The move is expected to further bolster the foundation’s capabilities and outreach. CEO Lee Erswell expressed his enthusiasm for Lilic’s joining, citing his expertise and vision as perfectly aligned with the foundation’s objectives. 

“We are delighted to welcome John Lilic to the Telos Foundation. His expertise and vision align perfectly with our goals, and we are confident that his leadership will propel us to new heights in our mission to develop a more sustainable and equitable blockchain ecosystem.”

Conclusion

The appointment of John Lilic as Executive Director heralds a new era for the Telos Foundation. His wealth of experience, coupled with his forward-thinking approach to blockchain technology, positions the foundation for strategic growth and innovation. As the blockchain industry continues to evolve, Lilic’s leadership is set to drive Telos Foundation towards a future where it not only thrives but also significantly contributes to the broader blockchain ecosystem.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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Haseeb Shaheen

As a Web Researcher and Internet Marketer, Haseeb Shaheen delivers relevant valuable content for audiences. He focuses on financial and crypto market analysis, as well as technology-related areas that help people change their lives.

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