- Foo will depart from Grab on March 31, and will join Ethlas as CEO and co-founder, the report said.
- He had worked at the Singapore-based company for six years and seven months, according to his LinkedIn profile.
- During his tenure, Foo helped Grab combine its business with Uber’s Southeast Asia division in 2018 and later led the collaboration with Microsoft (MSFT). He was also Grab’s head of integrity and oversaw the company's identity, trust and safety functions.
- Ethlas was founded in 2021 and is a blockchain-based gaming platform that allows players to accrue crypto tokens.
- The metaverse has risen in popularity and has been called a trillion-dollar opportunity by crypto investment giant Grayscale, which is a subsidiary of CoinDesk’s owner Digital Currency Group. Recently, 70 fashion brands held a fashion week in the metaverse and even big banks, such as JPMorgan (JPM) and HSBC (HSBC) have also joined the metaverse.
- Foo, Ethlas, and Grab were not immediately available for comment when contacted by CoinDesk.
CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.