Steven Kokinos, CEO of Algorand, co-founder and chairman of Fuze
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Steven Kokinos, CEO of Algorand, co-founder and chairman of Fuze
Algorand, a public, permissionless blockchain technology that employs proof-of-stake as its consensus mechanism, is led by Steven Kokinos. ALGO is its native cryptocurrency. Kokinos is also a co-founder and chairman of Fuze, an enterprise-focused platform that provides cloud software services. Fuze utilizes a cloud service to mix several communication services (videoconferencing, voice calls, SMS, instant messaging, content sharing, and apps).
Additionally, Kokinos launched BladeLogic Inc., a company that offers data solutions to Fortune 500 companies like Microsoft, GE, Time Warner, Sprint, and Walmart. He was also WebYes Inc.’s founder, president, and CEO in the 1990s, a company that offered web hosting and application services. All of Sun Microsystem’s software products, including Java, were distributed electronically by WebYes. In 1999, Breakaway Solutions finally bought it, with Kokinos briefly managing the application service provider’s operational side (ASP).
In just 18 months, Kokinos turned Breakaway Solutions into a profitable enterprise. During his tenure, Breakaway generated $120 million in revenue and ranked two in the world for ASP. Kokinos is a McGill University alumnus who graduated with a bachelor’s degree in economics.
2023
According to court documents filed, Steve Kokinos will take over as CEO of the company that will take over Celsius’ activities. He will also join two members of the insolvent cryptocurrency lender’s own creditor committee on the board. As the cryptocurrency market began to collapse, Celsius filed for bankruptcy in July of last year. Currently, creditors are debating whether to sell its assets to Fahrenheit Holdings, which might result in a partial return of their investments.
In July 2022, Kokinos resigned from his role at the staking-based blockchain Algorand. Along with the US Bitcoin mining business and the hedge fund Arrington Capital, whose executives Asher Genoot and Michael Arrington will also be on the board, he is a co-owner of Fahrenheit.
2022
Kokinos announced Algorand’s collaboration with eMerge Americas for the $420,000 prize pool 2022 Startup Showcase. Along with eMerge, Panoramic Ventures, and Florida Funders, Algorand will present the competition.
A decentralized insurance platform for physical assets is being developed and built by Algorand in collaboration with Day By Day. Day By Day can create the first decentralized insurance platform in the world using the Algorand blockchain, as well as a platform for creating NFT policies, among other things.
Kokinos claims that “Algorand is becoming into the contemporary infrastructure for significant blockchain-based ventures.” He is anticipated to carry on his efforts by establishing new partnerships for Algorand and accelerating the rate of network adoption, building on the advancements and enhancements that occurred in 2021.
FIFA has announced the launch of “FIFA+ Collect,” an NFT platform for football digital collectibles, partnering with Algorand blockchain. The platform, which will feature NFTs from the 2022 World Cup in Qatar and the Women’s World Cup championships, will be available in English, Spanish, and French languages across mobile devices and the web. Algorand will also become a technical partner and sponsor of the 2022 World Cup.
