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Avalanche Foundation's three directors resign
2025-03-08 05:33:20

Odaily News Omer, a former director of the Avalanche Foundation, posted on the X platform that he confirmed that three directors, including himself, Aytunç Yildizli and Vikram Nagrani, had officially resigned from the board of directors of the foundation and its subsidiaries at the beginning of this week. Among them, executive director Aytunç Yildizli stopped performing his duties on February 28, 2025. Since then, the board has been on the sidelines, trying to find a way forward.

Omer said, "During the past 18 months, Aytunç Yildizli, Vikram Nagrani, I and others have promoted a number of important tasks, including establishing the Avalanche Foundation's brand image, publishing the first annual report, launching incentive programs such as infraBUIDL () and infraBUIDL (AI), and developing the AiFRED project. We are also committed to strengthening internal coordination within the ecosystem and shifting the growth strategy focus to new market development and strategic cooperation. This collective voluntary resignation decision is "well-considered". In the future, we will continue to pay attention to the development of the Avalanche ecosystem and wish the Avalanche ecosystem and community all the best."