Nana Murugesan, once a key figure at Coinbase, has taken up the role of president at Matter Labs, known for its zkSync blockchain technology. With a team of 60 under his leadership, Murugesan aims to expand the company globally, starting with a recruitment drive soon.

In his new position, Murugesan is excited to guide Matter Labs through its next phase of development, drawing on his experience at Coinbase. CEO Alex Gluchowski compares the company's journey to going from zero to one, and Murugesan's task is to propel it further, from one to ten, and beyond.

Tasked with overseeing various departments, Murugesan plans to focus on scaling up marketing, legal, and policy efforts alongside team expansion. His transition from Coinbase, where he served as an advisor, will be seamless, ensuring continuity in his responsibilities.

Matter Labs, driven by a passion for blockchain and mathematics, aims to revolutionize crypto payments with its zkSync solution. Despite being in its early stages, the company has already made strides, including a partnership with Sygnum Bank and a successful Series C funding round.

The appointment of Murugesan as president signals a promising new chapter for Matter Labs, with his leadership expected to drive the company's global expansion and innovation in blockchain technology.