According to BlockBeats, the Wormhole Foundation has announced the appointment of Arian Motamenzadeh as its new Managing Director. Motamenzadeh will focus on protocol fee conversion, related protocol revenue, and promoting Wormhole's adoption among institutional clients.

With over a decade of experience in startup leadership, market entry strategies, and scaling profitability, Motamenzadeh has played a pivotal role in building companies like DoorDash and EasyPark from the ground up. His efforts have led these companies to achieve annual recurring revenue exceeding $350 million and facilitated multi-billion dollar IPOs and exits.