Nik Bougalis claims he won’t work for another Web3 or blockchain firm.
Nik Bougalis (Ripple YouTube) Over the weekend, Ripple’s top engineer made an unnamed announcement that he is leaving the firm to pursue new opportunities.
“My ten-year tenure at Ripple has been wonderful (if draining and all-consuming). I had the opportunity to work on a project I love with a cause I support. But in a few weeks, that adventure will come to an end,” Bougalis tweeted.
Bougalis handled a number of changes to the code base of the ledger at Ripple, including the addition of NFTs, which is set to go live in November.
As Ripple begins testing an XRP ledger sidechain that is compatible with Ethereum-based smart contracts, Bougalis leaves the company. This would make it possible for programmers accustomed to the far more complex Ethereum Virtual Machine (EVM) software to transfer their work to Ripple.
Although it has nothing to do with Bougalis’ role at Ripple, the business has been battling the Securities and Exchange Commission (SEC) for two years over whether XRP qualifies as a security.
As of now, Bougalis has not stated his next destination.
XRP is now down 0.38% on the day, trading at $0.45.