Grossman announced via Twitter that he would become MoonPay‘s president of enterprise after serving as TIME’s president for more than three years.
Grossman, a fervent supporter of crypto and blockchain technology, will begin his new position at MoonPay on December 31.
Keith Grossman made more than $10 million in profit while working for the media company’s NFT division, TIMEPieces.
Prior to TIME, he held executive positions at big publishers such as Bloomberg and Condé Nast-owned Wired. Keith Grossman told CNBC in an interview:
“I’ve spent the past year operationalizing it. I think that the transition will be scary in one sense, because it’s something new and different, but at the same time stable in another sense because we’ve consistently said that TIMEPieces was a community led by stewards, not founders.”
TIME CEO Edward Felsenthal announced earlier this month that he would step down from that position, though he will remain editor-in-chief and take on the additional role of executive chairman. Jessica Sibley, who was most recently the CEO of Forbes, is now the CEO of TIME.
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