Ripple Labs’ Director Of Engineering Exits The Firm After Nearly 10 Years

Nik Bougalis, Ripple Labs’ director of engineering, is leaving the company after almost ten years, becoming the latest of crypto’s long-serving professionals to leave the industry.

In an October 22 tweet, Bougalis stated:

Nobbally, the Ripple engineer stated that he will not be joining another blockchain project or organization in the near future.

“As for what’s next? I’ll talk about it when it’s time, but I am NOT joining another blockchain project/company, nor am I doing NFTs or DeFi,” he said.

Bougalis has a long history in software engineering and cryptography, and during his time at Ripple, he focused on open-source code initiatives for the payments XRP Ledger, commonly known as XRPL.

The XLS-20 modification, which will bring the introduction of nonfungible tokens (NFTs) to XRPL, is one of Ripple’s important recent initiatives that Bougalis has managed. While there were some initial glitches that needed to be worked out, the update is expected to be live in early November.

The cryptographer went on to say that he believes Ripple would be OK without him.

“Its long-term health and success isn’t predicated on any one person. I’m confident that it will be just fine, thanks to talented and passionate individuals who contribute and participate, each in their own way.”

Polkadot co-founder Gavin Wood also announced his departure from blockchain infrastructure business Parity Technologies on October 21, claiming that it was not a job where he envisaged himself finding eternal happiness.

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