“The NEM Foundation You Knew Before Is Gone,” What Is Next
As part of the closing statements in an open announcement to the NEM community, the NEM Secretarial Office, which represents the voice of the NEM Foundation’s executive committee and council, said in “One final message for all” that the NEM Foundation community members knew before “Is gone.”
NEM Foundation background
The NEM foundation was started in 2017, two years after the launch of NEM, an out-of-the-box, enterprise-grade blockchain platform.
NEM co-founder Lon Wong was the founding president of the NEM Foundation until his resignation in early April 2018.Since April 2018, Kristof Van de Reck served as the interim president of the NEM Foundation until Alexandra Tinsman was voted in as president on Dec. 14, along with newly elected members of the executive committee and council.
Although Tinsman repeatedly stated that the NEM Foundation operates as a separate entity to the NEM blockchain platform, the actions of the NEM Foundation have an undeniable impact on the price of XEM, as pointed out by community member Dan V.”I understand that the Foundation is not NEM, however it seems to have an uncanny ability to cripple most parts of it – whether that is through infighting, unprofessional behaviour by representatives of the council or just lack of direction for NEM as a whole.”
Chrisjan Pauw’s original article for cointelegraph.com reduced by 83%
Related cryptocurrency news – NEM Slides As Foundation Faces Bankruptcy, Layoffs And Restructuring
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