Numerous senior executives from traditional technology corporations have abandoned their positions to delve into the metaverse, the latest being Grab’s chief of technology, Wui Ngiap Foo.
According to a Bloomberg report on Wednesday, Wui Ngiap Foo, the head of technology at Asian ride-hailing app Grab, is leaving the company to lead a metaverse game company.
Foo will leave Grab on March 31 and join Ethlas as CEO and co-founder, according to the article.
According to his LinkedIn page, he has worked at the Singapore-based corporation for six years and seven months.
Foo assisted the company in 2018 with the merger of its business with Uber’s Southeast Asia branch and later led the relationship with Microsoft. Additionally, he served as Grab’s head of integrity, overseeing the company’s identification, trust, and security responsibilities.
Ethlas, created in 2021, is a blockchain-based gaming platform that enables gamers to earn cryptocurrency tokens.
The metaverse has grown in prominence, with crypto investment company Grayscale describing it as a trillion-dollar possibility. Recently, the metaverse had a fashion week with 70 designer brands, and even large banks such as JP Morgan and HSBC have joined.
Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.