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Ripple chief developer leaves company after almost 10 years

 


Nik Bougalis, the lead developer at Ripple Labs, is leaving the influential blockchain company after 10 years, joining a growing list of executives leaving the crypto industry altogether.


In a related tweet on Oct. 22, Bougalis announced that his "ten-year journey at Ripple has been amazing (albeit exhausting and absorbing)." As he explains: “Here I was able to work on a project that I love and work towards a goal that I believe in. Nonetheless, this journey will end in a few weeks.”


“All good things…”


My decade-long journey at @Ripple has been a fantastic (if exhausting and all-consuming) one.


I got to work on a project that I love, towards a goal I believe in.


But that journey will be coming to an end in a few weeks.

 


—     (@nbougalis) October 21, 2022

Interestingly, the Ripple chief developer reveals that he will not join any other blockchain project or company.


"Where is my journey going? I will talk about that when the time is right, but I will NOT switch to another blockchain project/company nor work on NFTs or DeFi,” he said in full.


One of the most important projects that Bougalis was in charge of until the end is the XLS-20 amendment, which is intended to integrate non-fungible tokens (NFT) into XRPL. After there were a few errors in the beginning, which have now been eliminated, the upgrade should finally be implemented at the beginning of November.


One of Ripple’s key recent developments that Bougalis has overseen is the XLS-20 amendment which will see the introduction of nonfungible tokens (NFTs) to XRPL. While there were a few initial bugs that reportedly needed ironing out, the upgrade is reportedly set to go through in early November.


However, the chief developer is confident that Ripple is well positioned even without him.


This is how he sums it up:


“Long-term success does not depend on just one person. I'm sure [Ripple] won't have any problems as there remain many talented and motivated people each making important contributions in their own way."

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