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ZKsync

Nana Murugesan, the ex-Coinbase executive responsible for international expansion, has joined Matter Labs as president to drive the growth of the zkSync technology. 
A former executive at <a href="https://crypto.news/tag/coinbase/" target="_blank" rel="">Coinbase</a> Global, Nana Murugesan, who was responsible for spearheading the exchange’s global expansion initiatives, has joined <a href="https://crypto.news/tag/matter-labs/" target="_blank" rel="">Matter Labs</a>, the developer of the <a href="https://crypto.news/tag/zksync/" target="_blank" rel="">zkSync</a> technology, as the inaugural president. In an <a href="https://www.bloomberg.com/news/articles/2024-04-18/ex-coinbase-exec-nana-murugesan-joins-ethereum-startup-matter-labs-as-president?utm_content=markets&amp;cmpid%3D=socialflow-twitter-markets&amp;utm_medium=social&amp;utm_source=twitter&amp;utm_campaign=socialflow-organic" target="_blank" rel="">interview</a> with Bloomberg, Murugesan expressed his eagerness to embrace the role of a founding partner, emphasizing his aspiration to propel a company to the next echelon of success. 
<blockquote class="wp-block-quote"> 
 “I’ve always wanted to take on this role of a founder complement, to really help a company scale to the next level, which with smaller companies in earlier stages, it’s possible to do.” 
 Nana Murugesan 
</blockquote> 
Murugesan disclosed his plans to oversee a team of 60 employees and spearhead a significant recruitment campaign in the upcoming months, adding that the firm would also prioritize the expansion of its marketing, legal, and policy efforts. 
 You might also like: <a href="https://crypto.news/matter-labs-ceo-denies-code-plagiarism-claims/" rel=""> Matter Labs CEO denies code plagiarism claims </a> 
Before joining Matter Labs, Murugesan held the position of vice president of international and business development at Coinbase, a role he assumed in January 2022. Prior to his tenure at Coinbase, Murugesan held various positions at Snap Inc., Samsung Electronics, and The Boston Consulting Group. In November 2023, Murugesan <a href="https://crypto.news/coinbases-international-expansion-head-to-leave-in-2024/" target="_blank" rel="">announced</a> his departure from Coinbase after it became known that the exchange opted to continue operations within the European Union through its base in Ireland. 
Matter Labs recently secured a $200 million funding round in November 2022, elevating its valuation to an estimated range of $800 million to $1.2 billion, according to estimates by Dealroom. The project was backed by a pool of investors, including a16z, Blockchain Capital, Dragonfly Capital, and Lightspeed Venture Partners. 
 Read more: <a href="https://crypto.news/matter-labs-hires-activision-blizzard-executive-to-bolster-zksync-gaming/" rel=""> Matter Labs hires Activision Blizzard executive to bolster zkSync gaming </a>

Ex-Coinbase global expansion lead joins a16z-backed Matter Labs as president

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