Blockchain Company AltLayer Appoints Amrit Kumar as COO

AltLayer is a layer 2 scalability product built on the Ethereum blockchain.

AccessTimeIconNov 15, 2022 at 9:00 a.m. UTC
Updated Apr 9, 2024 at 11:31 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

AltLayer, a layer 2 scalability blockchain built on Ethereum, said it appointed Amrit Kumar as chief operating officer.

Kumar, 34, will be responsible for executing the company’s global operations strategy and supporting its aim of building custom roll-ups-as-a-service for Web3 applications and innovators, the Singapore-based firm said in a statement.

  • How Crypto Solves Financial Problems in the Bronx
    12:05
    How Crypto Solves Financial Problems in the Bronx
  • Binance Nigeria Money Laundering Trial Delayed; Fmr FTX Europe Head Pays $1.5M for Titanic Memento
    02:35
    Binance Nigeria Money Laundering Trial Delayed; Fmr FTX Europe Head Pays $1.5M for Titanic Memento
  • BlackRock's Bitcoin ETF Sees First-Ever Day of Outflows
    00:52
    BlackRock's Bitcoin ETF Sees First-Ever Day of Outflows
  • Why Casa's Co-Founder Wants ETF Providers to Diversify Custody
    17:41
    Why Casa's Co-Founder Wants ETF Providers to Diversify Custody
  • Before AltLayer, Kumar co-founded Zilliqa Research, where he held the positions of president and chief science officer.

    AltLayer employs about 25 people and builds pay-as-you-go blockchains for decentralized applications (dapps) and Web3 applications. A dapp is a digital app that uses blockchain technology to keep users’ data out of the hands of the organizations behind it. Web3 is the next generation of the internet that promotes decentralized protocols and aims to reduce dependency on large tech companies.

    Layer 2 refers to a set of off-chain systems or separate blockchains built on top of layer 1s. A layer 1 network is the base layer, or the underlying infrastructure of a blockchain.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Author placeholder image

    Will Canny is CoinDesk's finance reporter.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.