TikTok COO steps down, notes blockchain as 'incredible innovation' that can change the future

Quick Take

  • In an internal memo to employees, TikTok COO V Pappas explained they are stepping down to focus on entrepreneurial endeavors.
  • They also mentioned that blockchain is one of the “incredible innovations” that can change the future. 

V Pappas, Chief Operating Officer of the video sharing platform TikTok, announced that they are stepping down from the role in an internal memo to employees that was later shared on Twitter. 

Pappas intends to focus on more entrepreneurial endeavors after parting from the company. In the farewell letter, they noted the innovation happening across multiple technologies that included blockchain.

"Given all the successes reached at TikTok, I finally feel the time is right to move on and refocus on my entrepreneurial passions. Few had imagined what the last five years would look like and with all the incredible innovation happening now with generative AI, robotics, renewable energy, genomics, blockchain and the IoT, clearly the future will again look much different," Pappas wrote. 

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Though mostly known for viral dances and short-form content, TikTok dabbled with web3 projects over the past few years. In Sept. 2021, TikTok released an NFT collection of videos from the platform's most popular creators, and the firm also integrated the blockchain-based music platform Audius in mid-August of 2021. 


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MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.

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