Crypto Hiring: Coinbase exec departs for zkSync development company

Elsewhere, a former Disney gaming lead goes Web3 and OKX executives depart


Matter Labs and Adobe Stock modified by Blockworks


Nana Murugesan, who previously served as the vice president of business development, international and listings at Coinbase, has moved on to become the president of Matter Labs.

Matter Labs is the software company developing the layer-2 zkSync, an Ethereum layer-2 focused on zero-knowledge proofs. 

Murugesan becomes Matter Labs’ first president. Alex Gluchowski, who also founded the company, is CEO. Murugesan will be responsible for “business, marketing, communications, finance, legal and policy, people and operations functions, expanding our team and ramping up operations,” Matter Labs said while announcing the hire. 

Read more: zkSync welcomes AI data warehouse as latest addition to hyperchain

“I’m thrilled to join the Matter Labs team to power mainstream blockchain adoption, enabling practical apps with developers & bringing in the next billion users with @zkSync,” Murugesan wrote on X. 

While Coinbase will have to replace an executive, the departure is not a sudden one. Murugesan announced that he would be leaving Coinbase in November of last year.

Ex-Coinbase employees run some of crypto’s most notable firms. Coinbase co-founder Fred Ehrsam co-founded crypto venture fund Paradigm. Early Coinbase hires Olaf Carlson-Wee and Dan Romero went on to start Polychain and Farcaster, respectively.

Former Disney gaming exec co-founds Web3 game publisher

UAE-based Galactic Group is launching a Web3 game publishing arm named Galactic Entertainment, the company said in a press release. 

Mark Meyers, the company’s co-founder and chief publishing officer, rose to become the head of Disney’s gaming studios in the late aughts, leaving the company in 2012 to found an Internet of Things startup.

In a press release, Meyers extolled Web3 games’ ability to let players earn “in-game goods that they actually own.”

Read more: Immutable and Polygon Labs launch Inevitable Games Fund with hopes of raising $100M

The company, Galactic Entertainment Publishing, is pushing PlanetQuest, which the company describes as Star Wars-like, as its first franchise. The game is set for early access release later this year, and Galactic is planning comics and a book trilogy for the franchise as well. 

Other notable hiring news

  • Longtime senior executives at crypto exchange OKX Tim Byun and Wei Lan left the company for unclear reasons, CoinDesk reported.
  • Franklin Bi became general partner at Pantera Capital.
  • Former Coindesk editor and reporter Tracy Wang joined Framework Ventures as head of special projects.
  • Stephen Levin started as head of ops, finance, people and legal at Flashbots.
  • Natalie Mullins became an associate investor at Bain Capital Crypto.

Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.


Upcoming Events

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Screenshot 2024-05-23 091855.png


Bitcoin L2s aim to boost scalability while preserving decentralization and security, unlocking a better user experience, and new avenues for Bitcoin-powered innovations. However, no existing Bitcoin L2 leverages the full security of Bitcoin.



As part of the #Breakout2024 plans, Radix has introduced Token Trek


House members ask Gensler to keep a “consistent and equitable approach” with ether ETF proposals after the agency approved spot bitcoin ETFs in January


Using old-world instruments to address crypto user experience challenges goes against what this industry set out to do


And, weeks of a potential crypto ETF decision are no stranger to chaos


The FIT21 Act marks the second crypto-focused piece of legislation to advance in Congress this month


More than half of Solana transactions fail