Coindesk Logo
FinanceFinanceFinance

Grab’s Technology Head Departs to Lead Metaverse Gaming Firm Ethlas: Report

Grab’s Technology Head Departs to Lead Metaverse Gaming Firm Ethlas: Report

Grab’s Technology Head Departs to Lead Metaverse Gaming Firm Ethlas: Report

Many high-level executives of traditional technology firms have left their jobs to dive into the metaverse, with Grab’s head of technology, Wui Ngiap Foo, being the latest.

Many high-level executives of traditional technology firms have left their jobs to dive into the metaverse, with Grab’s head of technology, Wui Ngiap Foo, being the latest.

Many high-level executives of traditional technology firms have left their jobs to dive into the metaverse, with Grab’s head of technology, Wui Ngiap Foo, being the latest.

By Camomile Shumba
AccessTimeIconMar 30, 2022, 10:03 AM
Updated May 11, 2023, 4:03 PM
(Shutterstock)
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

The head of technology at Asian ride-hailing app Grab, Wui Ngiap Foo, is leaving the company to lead a metaverse gaming firm, according to a Bloomberg report on Wednesday.

  • 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.

STORY CONTINUES BELOW

Recommended for you:

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

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 employees, including journalists, may receive options in the Bullish group as part of their compensation.

Camomile Shumba

Camomile Shumba is a CoinDesk regulatory reporter based in the UK. She previously worked as an intern for Business Insider and Bloomberg News. She does not currently hold value in any digital currencies or projects.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.

Read more about
grabMetaverseWeb 3.0CryptoCrypto AssetsJP MorganHSBCFashionHires