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Meet Sipan Vardanyan: the Security Veteran on FIO’s New BoardAn internet service provider built at thirteen, a bank security career he walked away from, and one of Web3’s busiest offensive security firms. The newest member of the FIO Board of Directors argues that security and usability are not two problems but one. Sipan Vardanyan has been elected to the FIO Board of Directors. He is the co-founder and chief executive of Hexens, a security firm whose work spans large protocols, centralized exchanges, whole blockchains, and the cryptography underneath them. Before that he spent his career defending banks, ending as a chief information security officer. He arrives with a blunt argument. The two things holding this industry back are security and usability, and of the two, usability may be the worse problem. An internet provider at thirteen, then the bank He started young. At thirteen he built one of the first high-speed internet service providers in his hometown in Armenia, in the window right after people lost their patience with dial-up connections. Banking came next, five or six years across several institutions, first in senior IT and then as chief information security officer. He is direct about how that chapter ended. “The day I left, I promised myself I’m not going to work in a bank a single day more.” What pulled him out was offensive security, the practice of attacking a system yourself to find out how it fails before somebody else does. He and Vahe Karapetyan, a friend who would go on to co-found Hexens with him, had become convinced that decentralized finance, mostly on Ethereum at the time, was where that work was heading. Hexens, and the exploits nobody has found yet Hexens came out of that conviction, founded by the two of them. He describes it as a full-spectrum offensive security boutique, working with the largest protocols in the space, with centralized exchanges, with entire blockchains, and on cryptographic security. The firm has just launched Glider Monitor, which Hexens describes as the first continuous threat exposure management system built for Web3. His read on the current wave of exploits is the part worth sitting with. “People falsely think that if something is not getting hacked right now, it’s basically safe. It’s just not being targeted yet.” The tooling has changed, and not in defenders’ favor. “AI just lowers the entry bar for anybody who wants to do anything. Also black hat stuff. So it’s easier than ever right now to hack stuff.” That is a security professional describing an environment where old code gets re-examined by cheaper and faster attackers. Bugs that sat untouched for years are now worth someone’s afternoon. Why FIO He came to FIO through a friend, then put his own team on researching it before saying yes. “There is basically so much upside and so much potential in this, because we see how institutional money is already finding its own way into the Web3.” What that research turned up was a market shifting underneath the protocol. “Web3 is not Web3 anymore. It’s kind of merging with the traditional finance. I believe we’re going to end up somewhere in Web 2.5, maybe just a tiny bit higher.” He has been in crypto for over a decade, long enough to recognize the shape of what follows institutional money. Retail interest comes behind it, and the people arriving in that wave have no patience for the current experience. That, in his reading, is FIO’s opening, if the protocol is positioned and executed well. Security and usability are the same problem Start with the security half, which is his profession. “We’re so dependent on a single line of code. A single line of code that is written wrong can lead to hundreds of millions of dollars being stolen.” Then the turn, and it is not the one you would expect from a career security specialist. “The usual people, they don’t want to understand how the blockchain works. They don’t want to actually do the research and understand which blockchain is faster or which one is better. Is it easy to use? Is it intuitive? Is it doing what I wanted to do? That’s the main questions that we need to answer. And technology should lie on the back end. You don’t need to see that.” That is FIO’s design premise, stated by someone who came to it from the outside. A FIO Handle is one human-readable name that resolves to a user’s real wallet addresses across supported chains. The mapping lives onchain, the sender types a name instead of a long string of characters, and the complexity stays where it belongs, underneath. The reputation problem The harder inheritance is trust. His account of it is unsentimental: people lost money to pump and dumps, to scam coins, to honeypots, and the specific mechanism stopped mattering to them a long time ago. “What you’re going to say to a person who lost all his life savings on some random stuff he didn’t fully and completely understand? It’s really, really hard to change that. And that’s going to be one of the goals that we as a community have to try solving.” Naming this as board-level work, rather than a marketing problem, is a useful signal about how he intends to operate. What he came to do Asked for closing words to the FIO community, he offered a warning about how controversial it might sound, then said this. “I kind of don’t even care about any tokens out there. What I care about is creating value. If I can help you guys to create more value for the end users, if I can be helpful at that mission, that would be a huge goal for me.” And on how growth actually arrives. “Compounding value for the community is the number one driver for the growth. It’s not fake marketing. It’s not the advertisement budget that you have. It’s: are our users going to love it, are they going to recommend it to their friends. Let’s build something that will last.” What this means for holders Your FIO Handles continue to work. Nothing in this transition changes what you already hold. Registration continues at app.fio.net, domains at app.fio.net/fio-domain, and FIO remains available across supported partners and exchanges. Full board election results and vote counts are at fio.net/discover/fio-board-elections. The long view What Sipan brings to the board is a particular kind of skepticism. He has spent his working life looking for the line of code that fails, and he applies the same attention to the gap between what a protocol claims and what a person can actually do with it. Both of those are questions about whether a thing works. He treats them as one job. Sipan Vardanyan is the second guest on Meet the FIO Board of Directors, the series introducing the people now steering the protocol. He sat down with Wayne Marcel to talk through his path from bank security into Web3, what Hexens sees in the current exploit wave, and why usability is the harder problem. Watch the episode here. Meet Sipan Vardanyan: The Security Veteran on FIO’s New Board was originally published in FIO Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

Meet Sipan Vardanyan: the Security Veteran on FIO’s New Board

An internet service provider built at thirteen, a bank security career he walked away from, and one of Web3’s busiest offensive security firms. The newest member of the FIO Board of Directors argues that security and usability are not two problems but one.
Sipan Vardanyan has been elected to the FIO Board of Directors. He is the co-founder and chief executive of Hexens, a security firm whose work spans large protocols, centralized exchanges, whole blockchains, and the cryptography underneath them. Before that he spent his career defending banks, ending as a chief information security officer.
He arrives with a blunt argument. The two things holding this industry back are security and usability, and of the two, usability may be the worse problem.
An internet provider at thirteen, then the bank
He started young. At thirteen he built one of the first high-speed internet service providers in his hometown in Armenia, in the window right after people lost their patience with dial-up connections.
Banking came next, five or six years across several institutions, first in senior IT and then as chief information security officer. He is direct about how that chapter ended.
“The day I left, I promised myself I’m not going to work in a bank a single day more.”
What pulled him out was offensive security, the practice of attacking a system yourself to find out how it fails before somebody else does. He and Vahe Karapetyan, a friend who would go on to co-found Hexens with him, had become convinced that decentralized finance, mostly on Ethereum at the time, was where that work was heading.
Hexens, and the exploits nobody has found yet
Hexens came out of that conviction, founded by the two of them. He describes it as a full-spectrum offensive security boutique, working with the largest protocols in the space, with centralized exchanges, with entire blockchains, and on cryptographic security. The firm has just launched Glider Monitor, which Hexens describes as the first continuous threat exposure management system built for Web3.
His read on the current wave of exploits is the part worth sitting with.
“People falsely think that if something is not getting hacked right now, it’s basically safe. It’s just not being targeted yet.”
The tooling has changed, and not in defenders’ favor.
“AI just lowers the entry bar for anybody who wants to do anything. Also black hat stuff. So it’s easier than ever right now to hack stuff.”
That is a security professional describing an environment where old code gets re-examined by cheaper and faster attackers. Bugs that sat untouched for years are now worth someone’s afternoon.
Why FIO
He came to FIO through a friend, then put his own team on researching it before saying yes.
“There is basically so much upside and so much potential in this, because we see how institutional money is already finding its own way into the Web3.”
What that research turned up was a market shifting underneath the protocol.
“Web3 is not Web3 anymore. It’s kind of merging with the traditional finance. I believe we’re going to end up somewhere in Web 2.5, maybe just a tiny bit higher.”
He has been in crypto for over a decade, long enough to recognize the shape of what follows institutional money. Retail interest comes behind it, and the people arriving in that wave have no patience for the current experience. That, in his reading, is FIO’s opening, if the protocol is positioned and executed well.
Security and usability are the same problem
Start with the security half, which is his profession.
“We’re so dependent on a single line of code. A single line of code that is written wrong can lead to hundreds of millions of dollars being stolen.”
Then the turn, and it is not the one you would expect from a career security specialist.
“The usual people, they don’t want to understand how the blockchain works. They don’t want to actually do the research and understand which blockchain is faster or which one is better. Is it easy to use? Is it intuitive? Is it doing what I wanted to do? That’s the main questions that we need to answer. And technology should lie on the back end. You don’t need to see that.”
That is FIO’s design premise, stated by someone who came to it from the outside. A FIO Handle is one human-readable name that resolves to a user’s real wallet addresses across supported chains. The mapping lives onchain, the sender types a name instead of a long string of characters, and the complexity stays where it belongs, underneath.
The reputation problem
The harder inheritance is trust. His account of it is unsentimental: people lost money to pump and dumps, to scam coins, to honeypots, and the specific mechanism stopped mattering to them a long time ago.
“What you’re going to say to a person who lost all his life savings on some random stuff he didn’t fully and completely understand? It’s really, really hard to change that. And that’s going to be one of the goals that we as a community have to try solving.”
Naming this as board-level work, rather than a marketing problem, is a useful signal about how he intends to operate.
What he came to do
Asked for closing words to the FIO community, he offered a warning about how controversial it might sound, then said this.
“I kind of don’t even care about any tokens out there. What I care about is creating value. If I can help you guys to create more value for the end users, if I can be helpful at that mission, that would be a huge goal for me.”
And on how growth actually arrives.
“Compounding value for the community is the number one driver for the growth. It’s not fake marketing. It’s not the advertisement budget that you have. It’s: are our users going to love it, are they going to recommend it to their friends. Let’s build something that will last.”
What this means for holders
Your FIO Handles continue to work. Nothing in this transition changes what you already hold. Registration continues at app.fio.net, domains at app.fio.net/fio-domain, and FIO remains available across supported partners and exchanges.
Full board election results and vote counts are at fio.net/discover/fio-board-elections.
The long view
What Sipan brings to the board is a particular kind of skepticism. He has spent his working life looking for the line of code that fails, and he applies the same attention to the gap between what a protocol claims and what a person can actually do with it. Both of those are questions about whether a thing works. He treats them as one job.
Sipan Vardanyan is the second guest on Meet the FIO Board of Directors, the series introducing the people now steering the protocol. He sat down with Wayne Marcel to talk through his path from bank security into Web3, what Hexens sees in the current exploit wave, and why usability is the harder problem. Watch the episode here.
Meet Sipan Vardanyan: The Security Veteran on FIO’s New Board was originally published in FIO Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
Article
FIO Handle Registration Live in Atom Wallets Claim your FIO Handle without leaving Atom Wallets FIO Handle registration is now live, completing the integration we announced earlier this year. When Atom Wallets integrated FIO Protocol, users could immediately send crypto to any FIO Handle instead of a long blockchain address. We said handle registration was coming soon. It is here. Atom Wallets users can now create their own FIO Handle directly inside the app, on the @atom domain, and map it to every blockchain address they hold. One name. Every supported chain. Never copy an address again. What’s New: Register Your Own Handle In-App Registration used to mean leaving your wallet. Now it does not. Inside Atom Wallets you can claim a personalized handle such as yourname@atom, branded in-app as your Atom Handle and powered by FIO Protocol. Once it is yours, it becomes the single address you share with anyone, on any supported chain. Your handle can map simultaneously to: Your Bitcoin address Your Ethereum address Your Solana address Your TRON address Any other blockchain address you use Whichever asset someone sends, FIO resolves it to the right address on the right chain. The person sending never sees a 42-character string, and neither do you. Because FIO Handles are decentralized Web3 identities, your handle is portable, interoperable, and owned by you. It is not an account with Atom Wallets that you lose if you switch apps. It is yours. Already Live: Sending to Any FIO Handle Registration joins the capability Atom Wallets shipped first: No more copy-paste anxiety. Enter a handle like alice@atom in the recipient field and the protocol resolves the correct blockchain address behind the scenes. Cross-chain compatibility. Bitcoin, Ethereum, USDT, or any other supported token routes to the right address on the right chain. Error-free transactions. One mistyped character in an address is irreversible. A handle removes that risk entirely. Together, the two halves make the loop complete: you can now both receive at your own handle and send to anyone else’s, without an address ever entering the picture. How to Claim Yours Open Atom Wallets and go to the Atom Handle section. Choose the handle you want on the @atom domain. Confirm registration. Share yourname@atom instead of your addresses. What is FIO Protocol? FIO (Foundation for Interwallet Operability) Protocol replaces complex public addresses with easy-to-remember, human-readable handles. Think of it as the username for your entire crypto portfolio, across every supported blockchain. Instead of sharing an address like 0xAb5801a7D398351b8bE11C439e05C5B3259aeC9B, you share yourname@atom. About Atom Wallets Atom Wallets is a next-generation, non-custodial cryptocurrency wallet platform that lets users manage and self-custody their digital assets. The platform uses industry-standard cryptographic practices and local key storage so that private keys remain on the user’s device, supporting a user-controlled, self-custody model intended to minimize reliance on third parties. Privacy-focused design is emphasized, with minimal personal data collection required. Atom Wallets supports 9+ blockchains including Bitcoin, Ethereum, Solana, TRON, BNB Chain, and XRP. Key features include sending and receiving crypto, token swaps via integrated DEX, staking, crypto-to-fiat conversion to local bank accounts, paying network fees in USDT without holding TRX, and a built-in portfolio tracker. Available on Google Play, App Store and at atomwallets.com. About FIO Protocol FIO, the Foundation for Interwallet Operability, is a decentralized consortium supporting the development, integration, and promotion of the FIO Protocol. Built on FIO Chain, a dPoS blockchain, it is an open-source, decentralized usability layer that works across all blockchains. FIO Protocol uses human-readable Handles to replace the complexity, risk, and inconvenience of blockchain-based transactions. The FIO Token ($FIO) powers transactions and incentivizes network participants. Ready to join the FIO movement? Claim your 50-year domain | FIO Progress Hub | Join our community Follow us and join the conversation on X. FIO Handle Registration Live in Atom Wallets was originally published in FIO Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

FIO Handle Registration Live in Atom Wallets

Claim your FIO Handle without leaving Atom Wallets
FIO Handle registration is now live, completing the integration we announced earlier this year.
When Atom Wallets integrated FIO Protocol, users could immediately send crypto to any FIO Handle instead of a long blockchain address. We said handle registration was coming soon.
It is here. Atom Wallets users can now create their own FIO Handle directly inside the app, on the @atom domain, and map it to every blockchain address they hold.
One name. Every supported chain. Never copy an address again.
What’s New: Register Your Own Handle In-App
Registration used to mean leaving your wallet. Now it does not.
Inside Atom Wallets you can claim a personalized handle such as yourname@atom, branded in-app as your Atom Handle and powered by FIO Protocol. Once it is yours, it becomes the single address you share with anyone, on any supported chain.
Your handle can map simultaneously to:
Your Bitcoin address
Your Ethereum address
Your Solana address
Your TRON address
Any other blockchain address you use
Whichever asset someone sends, FIO resolves it to the right address on the right chain. The person sending never sees a 42-character string, and neither do you.
Because FIO Handles are decentralized Web3 identities, your handle is portable, interoperable, and owned by you. It is not an account with Atom Wallets that you lose if you switch apps. It is yours.
Already Live: Sending to Any FIO Handle
Registration joins the capability Atom Wallets shipped first:
No more copy-paste anxiety. Enter a handle like alice@atom in the recipient field and the protocol resolves the correct blockchain address behind the scenes.
Cross-chain compatibility. Bitcoin, Ethereum, USDT, or any other supported token routes to the right address on the right chain.
Error-free transactions. One mistyped character in an address is irreversible. A handle removes that risk entirely.
Together, the two halves make the loop complete: you can now both receive at your own handle and send to anyone else’s, without an address ever entering the picture.
How to Claim Yours
Open Atom Wallets and go to the Atom Handle section.
Choose the handle you want on the @atom domain.
Confirm registration.
Share yourname@atom instead of your addresses.
What is FIO Protocol?
FIO (Foundation for Interwallet Operability) Protocol replaces complex public addresses with easy-to-remember, human-readable handles. Think of it as the username for your entire crypto portfolio, across every supported blockchain.
Instead of sharing an address like 0xAb5801a7D398351b8bE11C439e05C5B3259aeC9B, you share yourname@atom.
About Atom Wallets
Atom Wallets is a next-generation, non-custodial cryptocurrency wallet platform that lets users manage and self-custody their digital assets.
The platform uses industry-standard cryptographic practices and local key storage so that private keys remain on the user’s device, supporting a user-controlled, self-custody model intended to minimize reliance on third parties. Privacy-focused design is emphasized, with minimal personal data collection required.
Atom Wallets supports 9+ blockchains including Bitcoin, Ethereum, Solana, TRON, BNB Chain, and XRP. Key features include sending and receiving crypto, token swaps via integrated DEX, staking, crypto-to-fiat conversion to local bank accounts, paying network fees in USDT without holding TRX, and a built-in portfolio tracker.
Available on Google Play, App Store and at atomwallets.com.
About FIO Protocol
FIO, the Foundation for Interwallet Operability, is a decentralized consortium supporting the development, integration, and promotion of the FIO Protocol. Built on FIO Chain, a dPoS blockchain, it is an open-source, decentralized usability layer that works across all blockchains. FIO Protocol uses human-readable Handles to replace the complexity, risk, and inconvenience of blockchain-based transactions. The FIO Token ($FIO) powers transactions and incentivizes network participants.
Ready to join the FIO movement? Claim your 50-year domain | FIO Progress Hub | Join our community
Follow us and join the conversation on X.
FIO Handle Registration Live in Atom Wallets was originally published in FIO Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
Article
Meet Artyom Harutyunyan: Co-Founder and Board Director of FIO’s Next ChapterA cryptography doctorate, a Web3-only engineering firm, and the world’s only Web3 bachelor’s degree program. Here is the person now driving FIO’s technical and strategic direction. When FIO token holders went to vote on August 16, 2026, they were not just filling nine board seats. They were confirming a handoff. Artyom Harutyunyan was elected to the FIO Board of Directors, and he arrives as a co-founder of the new stewardship now carrying the protocol forward, alongside Vardan Khachatryan on legal and regulatory and Narek Gevorgyan on product and growth. The three are co-founders of the Web3 Armenia Foundation, and together they anchor FIO’s next phase. Artyom leads the technical and strategic direction. The mission has not changed. FIO still exists to make crypto usable through human-readable names instead of long, error-prone wallet addresses. What has changed is who is building it and how far they intend to take it. A builder since the early Ethereum days Artyom holds a doctoral degree in cryptography and has worked in this field since Ethereum’s earliest days. He founded Blockstars Technology, an outsourcing firm built exclusively for Web3 at a time when most engineering shops hedged by keeping one foot in traditional software. He has been through more than one cycle, and his read on what survives them is blunt. “Coin is nothing, technology is everything. FIO still has the technology, which keeps growing.” That is not a slogan. It is the reason the handoff makes sense. FIO’s protocol work continued through a downturn that emptied out much of the field, and the people stepping in are the kind who evaluate a project by its codebase rather than its chart. Building the talent pipeline in Armenia Artyom’s other long-running project is educational. The Web3 Armenia Foundation, the privately funded nonprofit he co-founded, works on three fronts at once: education, regulatory engagement, and direct support for startups. The practical effect is to help people avoid scams and to give local founders somewhere to turn. The centerpiece is a university bachelor’s degree program in Web3, which Artyom describes as the only one of its kind in the world. Specialists from across the international industry teach into it, so students work through the history of the technology, the cryptography underneath it, and the applied question of how these systems can serve people the banking system has left behind. “We have sixty students every year. Exams are harsh, but the students are very potent. We hire them by the third grade.” Sixty engineers a year is not a rounding error in a field this size. It is one of the few places on earth producing developers who arrive already fluent in this stack, and that pipeline now sits directly behind FIO. The case for FIO Artyom’s argument for the protocol is about market structure, not sentiment. He came to the board having concluded that FIO’s market difficulties and FIO’s actual assets were two different things. The technology, the existing integrations, and the user base were all still there. Wallets, chains, and applications have each built their own naming conventions. Most competitors solve it for one chain. What has never emerged, despite several serious attempts, is a single layer that works across all of them, and several projects aimed at that problem have since pivoted away from Web3 entirely. The gap they left is still wide open. “There is no global cross-chain naming system, which is like a good niche. FIO has the full potential of becoming the industry’s standard.” Standards tend to go to whoever is still building when the field thins out. The field has thinned considerably. FIO 2.0 and the agentic era The technical expression of that thesis is FIO 2.0. FIO was built on EOS, and the migration to an EVM-compatible chain opens the protocol to a far larger ecosystem of wallets, apps, and developers, while handling more transaction volume and keeping the features holders already depend on. Four workstreams sit behind it: Chain migration. Moving off the EOS-based system to EVM compatibility, for accessibility and throughput. Swap-on-send. Send an asset, and it arrives in the format the recipient actually wants, whichever chain they are on. The bridging happens underneath, where the user does not have to think about it. Privacy. Methods for obscuring the endpoints of a transaction. Agent identity. A naming system for AI agents, so an agent keeps a consistent address even when the wallet address underneath it changes. “FIO made crypto usable through readable names. FIO 2.0 aims higher: private transactions, seamless transfers across any chain, and an identity layer built for AI agents that transact on your behalf. Same mission, ready for what’s next.” Artyom Harutyunyan That last one is worth sitting with. As AI agents begin transacting on people’s behalf, the question of who or what an address belongs to stops being a convenience problem and becomes an infrastructure problem. An agent that has to re-learn an address every time the underlying wallet rotates is an agent that will eventually send funds to the wrong place. A stable, readable, verifiable name solves that, and FIO has been building that layer since before there was a name for the use case. What this means for holders Your FIO Handles continue to work. This transition expands what is possible rather than replacing what you have. Registration continues at app.fio.net, domains at app.fio.net/fio-domain, and FIO remains available across supported partners and exchanges. Full board election results and vote counts are at fio.net/discover/fio-board-elections. The long view What comes through most clearly in conversation with Artyom is that he treats education and infrastructure as one project. You cannot build a usable Web3 on a public that does not understand it, and you cannot teach people to build on a foundation that does not work. He has been working both ends for years, and now he is doing it with FIO. Artyom is the first guest on Meet the FIO Board of Directors, a new series introducing the people the community elected. He sat down with Wayne Marcel to talk through his path into Web3, the Armenia program, and where cross-chain naming goes next. Watch episode one here. Meet Artyom Harutyunyan: Co-Founder and Board Director of FIO’s Next Chapter was originally published in FIO Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

Meet Artyom Harutyunyan: Co-Founder and Board Director of FIO’s Next Chapter

A cryptography doctorate, a Web3-only engineering firm, and the world’s only Web3 bachelor’s degree program. Here is the person now driving FIO’s technical and strategic direction.
When FIO token holders went to vote on August 16, 2026, they were not just filling nine board seats. They were confirming a handoff.
Artyom Harutyunyan was elected to the FIO Board of Directors, and he arrives as a co-founder of the new stewardship now carrying the protocol forward, alongside Vardan Khachatryan on legal and regulatory and Narek Gevorgyan on product and growth. The three are co-founders of the Web3 Armenia Foundation, and together they anchor FIO’s next phase. Artyom leads the technical and strategic direction.
The mission has not changed. FIO still exists to make crypto usable through human-readable names instead of long, error-prone wallet addresses. What has changed is who is building it and how far they intend to take it.
A builder since the early Ethereum days
Artyom holds a doctoral degree in cryptography and has worked in this field since Ethereum’s earliest days. He founded Blockstars Technology, an outsourcing firm built exclusively for Web3 at a time when most engineering shops hedged by keeping one foot in traditional software.
He has been through more than one cycle, and his read on what survives them is blunt.
“Coin is nothing, technology is everything. FIO still has the technology, which keeps growing.”
That is not a slogan. It is the reason the handoff makes sense. FIO’s protocol work continued through a downturn that emptied out much of the field, and the people stepping in are the kind who evaluate a project by its codebase rather than its chart.
Building the talent pipeline in Armenia
Artyom’s other long-running project is educational. The Web3 Armenia Foundation, the privately funded nonprofit he co-founded, works on three fronts at once: education, regulatory engagement, and direct support for startups. The practical effect is to help people avoid scams and to give local founders somewhere to turn.
The centerpiece is a university bachelor’s degree program in Web3, which Artyom describes as the only one of its kind in the world. Specialists from across the international industry teach into it, so students work through the history of the technology, the cryptography underneath it, and the applied question of how these systems can serve people the banking system has left behind.
“We have sixty students every year. Exams are harsh, but the students are very potent. We hire them by the third grade.”
Sixty engineers a year is not a rounding error in a field this size. It is one of the few places on earth producing developers who arrive already fluent in this stack, and that pipeline now sits directly behind FIO.
The case for FIO
Artyom’s argument for the protocol is about market structure, not sentiment. He came to the board having concluded that FIO’s market difficulties and FIO’s actual assets were two different things. The technology, the existing integrations, and the user base were all still there.
Wallets, chains, and applications have each built their own naming conventions. Most competitors solve it for one chain. What has never emerged, despite several serious attempts, is a single layer that works across all of them, and several projects aimed at that problem have since pivoted away from Web3 entirely. The gap they left is still wide open.
“There is no global cross-chain naming system, which is like a good niche. FIO has the full potential of becoming the industry’s standard.”
Standards tend to go to whoever is still building when the field thins out. The field has thinned considerably.
FIO 2.0 and the agentic era
The technical expression of that thesis is FIO 2.0. FIO was built on EOS, and the migration to an EVM-compatible chain opens the protocol to a far larger ecosystem of wallets, apps, and developers, while handling more transaction volume and keeping the features holders already depend on.
Four workstreams sit behind it:
Chain migration. Moving off the EOS-based system to EVM compatibility, for accessibility and throughput.
Swap-on-send. Send an asset, and it arrives in the format the recipient actually wants, whichever chain they are on. The bridging happens underneath, where the user does not have to think about it.
Privacy. Methods for obscuring the endpoints of a transaction.
Agent identity. A naming system for AI agents, so an agent keeps a consistent address even when the wallet address underneath it changes.
“FIO made crypto usable through readable names. FIO 2.0 aims higher: private transactions, seamless transfers across any chain, and an identity layer built for AI agents that transact on your behalf. Same mission, ready for what’s next.” Artyom Harutyunyan
That last one is worth sitting with. As AI agents begin transacting on people’s behalf, the question of who or what an address belongs to stops being a convenience problem and becomes an infrastructure problem. An agent that has to re-learn an address every time the underlying wallet rotates is an agent that will eventually send funds to the wrong place. A stable, readable, verifiable name solves that, and FIO has been building that layer since before there was a name for the use case.
What this means for holders
Your FIO Handles continue to work. This transition expands what is possible rather than replacing what you have. Registration continues at app.fio.net, domains at app.fio.net/fio-domain, and FIO remains available across supported partners and exchanges.
Full board election results and vote counts are at fio.net/discover/fio-board-elections.
The long view
What comes through most clearly in conversation with Artyom is that he treats education and infrastructure as one project. You cannot build a usable Web3 on a public that does not understand it, and you cannot teach people to build on a foundation that does not work. He has been working both ends for years, and now he is doing it with FIO.
Artyom is the first guest on Meet the FIO Board of Directors, a new series introducing the people the community elected. He sat down with Wayne Marcel to talk through his path into Web3, the Armenia program, and where cross-chain naming goes next. Watch episode one here.
Meet Artyom Harutyunyan: Co-Founder and Board Director of FIO’s Next Chapter was originally published in FIO Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
Article
FIO’s Next Chapter: New Stewardship, a New Chain, and What It Means for YouA community update The last stretch has been one of the most significant in FIO’s history — not because the mission changed, but because the people and the technology carrying it forward are stepping into a new era. If you’ve held a FIO Handle or followed the protocol for a while, here’s a clear, no-spin look at what’s happening and what it means for you. New stewardship FIO’s next phase is being led by a new team anchored around the Web3 Armenia Foundation, with co-founders Artyom Harutyunyan, Vardan Khachatryan, and Narek Gevorgyan driving the technical, legal, and product direction respectively. This is a deliberate handoff into a group that’s committed to building FIO for the long term. The vision that made FIO matter in the first place -making crypto usable through human-readable names instead of long, error-prone wallet addresses- stays exactly the same. What’s new is the momentum behind it. The new board is elected The community has spoken. FIO’s Board of Directors is made up of up to nine members, elected directly by FIO token holders- one FIO token equals one vote. In the elections held August 16, 2026, token holders voted in the directors below to steward FIO’s next chapter, bringing together the team driving FIO forward alongside longtime community members, block producers, and builders from across the ecosystem. Your newly elected directors: Ross Dold — a longtime FIO community member and infrastructure operator (Eosphere), supporting the protocol since launch. Eugene Luzgin — co-founder of Crypto Tribe (formerly EOS Tribe) and an active FIO Chain block producer and validator. Artyom Harutyunyan — leading FIO’s technical and strategic direction (Blockstars / Web3 Armenia). Wayne Marcel — focused on driving the protocol forward and advancing crypto adoption (fio.net). Marina Grigoryan — 5+ years across FIO marketing, communications, community relations, and exchange partnerships. Narek Gevorgyan — product and growth (CoinStats). Vardan Khachatryan — focused on FIO’s legal and regulatory footing. Metakse Ghambaryan — Crypto & Digital Assets project lead (AMX) Sipan Vardanyan — co-founder and CEO of Web3 security firm Hexens, bringing deep security expertise. Together they represent a clear path forward for token holders, Block Producers, and integrators alike. Full results and vote counts: https://fio.net/discover/fio-board-elections FIO 2.0: an EVM-compatible chain The biggest technical change is FIO 2.0 — a move to an EVM-compatible chain. In plain terms, this opens FIO up to a far larger ecosystem of wallets, apps, and developers, while keeping the features you already rely on. The focus ahead: private transactions, seamless transfers across any chain, and an identity layer built for the agentic era. “FIO made crypto usable through readable names. FIO 2.0 aims higher: private transactions, seamless transfers across any chain, and an identity layer built for AI agents that transact on your behalf. Same mission, ready for what’s next.” — Artyom Harutyunyan What stays the same Your FIO Handles continue to work — this transition is about expanding what’s possible, not replacing what you have. Registration continues at app.fio.net, and domains at app.fio.net/fio-domain. FIO continues to be available across supported partners and exchanges. What’s next We’ll keep sharing updates as FIO 2.0 rolls out. The short version: new stewardship, a bigger technical foundation, and a governance model that puts the community at the center. Same mission, more ways to win. About FIO: FIO Protocol uses human-readable Handles to replace the complexity, risk, and inconvenience associated with blockchain-based transactions. Users register FIO Domains (like @wallet or @edge) and create FIO Handles (like alice@wallet) on those domains. These web3 domains and handles can map to blockchain addresses across every chain. Fueling the ecosystem utilization is the FIO Token ($FIO), which powers transactions and incentivizes network participants. Ready to join the FIO movement?Claim your 50-year domain | Follow us on X | Join our community FIO’s Next Chapter: New Stewardship, a New Chain, and What It Means for You was originally published in FIO Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

FIO’s Next Chapter: New Stewardship, a New Chain, and What It Means for You

A community update
The last stretch has been one of the most significant in FIO’s history — not because the mission changed, but because the people and the technology carrying it forward are stepping into a new era. If you’ve held a FIO Handle or followed the protocol for a while, here’s a clear, no-spin look at what’s happening and what it means for you.
New stewardship
FIO’s next phase is being led by a new team anchored around the Web3 Armenia Foundation, with co-founders Artyom Harutyunyan, Vardan Khachatryan, and Narek Gevorgyan driving the technical, legal, and product direction respectively.
This is a deliberate handoff into a group that’s committed to building FIO for the long term. The vision that made FIO matter in the first place -making crypto usable through human-readable names instead of long, error-prone wallet addresses- stays exactly the same. What’s new is the momentum behind it.
The new board is elected
The community has spoken. FIO’s Board of Directors is made up of up to nine members, elected directly by FIO token holders- one FIO token equals one vote. In the elections held August 16, 2026, token holders voted in the directors below to steward FIO’s next chapter, bringing together the team driving FIO forward alongside longtime community members, block producers, and builders from across the ecosystem.
Your newly elected directors:
Ross Dold — a longtime FIO community member and infrastructure operator (Eosphere), supporting the protocol since launch.
Eugene Luzgin — co-founder of Crypto Tribe (formerly EOS Tribe) and an active FIO Chain block producer and validator.
Artyom Harutyunyan — leading FIO’s technical and strategic direction (Blockstars / Web3 Armenia).
Wayne Marcel — focused on driving the protocol forward and advancing crypto adoption (fio.net).
Marina Grigoryan — 5+ years across FIO marketing, communications, community relations, and exchange partnerships.
Narek Gevorgyan — product and growth (CoinStats).
Vardan Khachatryan — focused on FIO’s legal and regulatory footing.
Metakse Ghambaryan — Crypto & Digital Assets project lead (AMX)
Sipan Vardanyan — co-founder and CEO of Web3 security firm Hexens, bringing deep security expertise.
Together they represent a clear path forward for token holders, Block Producers, and integrators alike.
Full results and vote counts: https://fio.net/discover/fio-board-elections
FIO 2.0: an EVM-compatible chain
The biggest technical change is FIO 2.0 — a move to an EVM-compatible chain. In plain terms, this opens FIO up to a far larger ecosystem of wallets, apps, and developers, while keeping the features you already rely on. The focus ahead: private transactions, seamless transfers across any chain, and an identity layer built for the agentic era.
“FIO made crypto usable through readable names. FIO 2.0 aims higher: private transactions, seamless transfers across any chain, and an identity layer built for AI agents that transact on your behalf. Same mission, ready for what’s next.”
— Artyom Harutyunyan
What stays the same
Your FIO Handles continue to work — this transition is about expanding what’s possible, not replacing what you have.
Registration continues at app.fio.net, and domains at app.fio.net/fio-domain.
FIO continues to be available across supported partners and exchanges.
What’s next
We’ll keep sharing updates as FIO 2.0 rolls out. The short version: new stewardship, a bigger technical foundation, and a governance model that puts the community at the center. Same mission, more ways to win.
About FIO:
FIO Protocol uses human-readable Handles to replace the complexity, risk, and inconvenience associated with blockchain-based transactions. Users register FIO Domains (like @wallet or @edge) and create FIO Handles (like alice@wallet) on those domains. These web3 domains and handles can map to blockchain addresses across every chain. Fueling the ecosystem utilization is the FIO Token ($FIO), which powers transactions and incentivizes network participants.
Ready to join the FIO movement?Claim your 50-year domain | Follow us on X | Join our community
FIO’s Next Chapter: New Stewardship, a New Chain, and What It Means for You was originally published in FIO Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
One handle Multiple wallets.
One handle
Multiple wallets.
Human-readable crypto That’s it.
Human-readable crypto
That’s it.
Human-readable crypto That’s it.
Human-readable crypto
That’s it.
🔔 Important announcement The FIO Foundation is formally transitioning full stewardship of the FIO Protocol to the community. The Foundation was always scaffolding - built to come down when the ecosystem was ready. That time has arrived. 🧵 Read more: https://medium.com/fio-blog/a-new-chapter-for-fio-the-protocol-transitions-to-community-stewardship-d43414678e3e
🔔 Important announcement

The FIO Foundation is formally transitioning full stewardship of the FIO Protocol to the community.

The Foundation was always scaffolding - built to come down when the ecosystem was ready. That time has arrived. 🧵

Read more:
https://medium.com/fio-blog/a-new-chapter-for-fio-the-protocol-transitions-to-community-stewardship-d43414678e3e
FIO replaces complexity with clarity.
FIO replaces complexity with clarity.
Article
A New Chapter for FIO: the Protocol Transitions to Community StewardshipAfter years of building, integrating, educating, and advocating, the FIO Foundation is formally transitioning full stewardship of the FIO Protocol from the Foundation to the FIO community. From day one, the FIO Foundation was chartered not to run, manage, or control the protocol, but to facilitate its growth until the ecosystem could stand on its own. That time has arrived. The Foundation is stepping back so that the community, the Block Producers, the integrators, the developers, and the token holders can step forward as the protocol’s permanent stewards. What this means: FIO Chain: The chain is a battle-tested fully decentralized, public Delegated Proof of Stake network operated by independent Block Producers around the world. It does not depend on the Foundation to produce blocks, validate transactions, or resolve FIO Handles. Your FIO Handles, Domains, and Tokens: Registrations, renewals, transfers, requests, mappings, and all protocol functionality continue to operate exactly as they do today. The protocol: The FIO protocol keeps evolving. FIO Improvement Proposals (FIPs), the Bug Bounty Program, and the open-source repositories on GitHub remain the way changes get proposed, reviewed, and shipped. Governance: The on-chain machinery that makes FIO decentralized is not going anywhere. Token holders vote for Block Producers. Block Producers set fees and approve smart contract changes by supermajority. If you hold FIO tokens, get involved in the governance of the chain. What is changing is that the Foundation itself, as a Cayman non-profit entity with a Board, Steering Committee, and Worker Proposal structure, will be sunsetting its legal entity operations. The work that has historically sat inside that structure will transition to community-led efforts, and any remaining treasury assets will be allocated toward outstanding obligations and dissolution costs. Why This, and Why Now Foundations, by design, are scaffolding. They are supposed to eventually come down. Several converging realities have brought us to this decision: The protocol has matured. FIO Handles, Domains, Requests, Data, NFT signatures, and handle mapping are live, documented, SDK-supported, and integrated across dozens of wallets and exchanges. The core product is open source, and it is battle-tested on mainnet. Block Producers already run infrastructure and secure the chain. Independent developers already submit FIPs and maintain SDKs. Integrators already market and onboard users. Much of what the Foundation funds is work the community is already doing. Foundation Reserves have been depleted. The 181,253,654 FIO Tokens that were reserved at Mainnet launch to seed Foundation operations, minted at 150,000 per day, ran out in July 2023. Since then, the Foundation has operated on transaction fees, TPID rewards, and reserves built up during earlier years. Following Binance’s recent delisting of the FIO Token, that treasury has now reached a point where continuing to support an already decentralized protocol is no longer the most sustainable structure for this ecosystem. We recognize this is a significant transition, and we have chosen to approach it deliberately. After careful deliberation, the Board and Steering Committee concluded that the right path is to transition in an orderly, well-supported way. We believe the healthiest long-term outcome for FIO is a protocol that belongs entirely, operationally and philosophically, to the people who use it and build on it. How Stewardship Transitions to the Community Elements of the transition plan are already in motion. Some will happen over the coming months. Block Producers become the primary operational backbone The 21 active and 21 standby Block Producers already secure the chain, validate every transaction, approve smart contract changes by 2/3 + 1 supermajority, and set fees through continuous median submission. Going forward, Block Producers will also take the lead on: Coordinating protocol upgrades and emergency response Maintaining the core chain software and contract repositories Approving and shepherding FIPs through review to deployment Publishing status updates and health metrics for the network Administering the Bridge Custodian set that operates the ETH, Polygon and Base bridges If you are not already voting for Block Producers or proxying your FIO Tokens to someone who is, now is the moment to do so. Block Producer elections are the most direct lever token holders have to shape who operates and evolves the protocol. Every FIO Token is a vote. The FIP process remains the canonical way changes happen Nothing about FIO Improvement Proposals changes structurally. Anyone can still open a FIP in the fioprotocol/fips repository on GitHub. Community review still happens in the open. Block Producer supermajority still governs contract deployment. What changes is that the Foundation will no longer be the default sponsor, impact-statement author, or funder for new FIPs. That role moves to the community: Block Producers, integrators, and independent contributors who care enough about an improvement to shepherd it. Ongoing revenue streams The protocol’s economic model does not depend on the Foundation to keep running. Block Producers continue to receive 60% of every fee collected. Stakers continue to receive 25%. Integrators continue to receive 10% of fees via TPID (currently boosted to 50% via New User Bounties for qualifying integrators) and 11% of staking rewards when their users unstake. These flows are enshrined in the chain itself. They do not switch off. The 5% of fees historically paid to the Foundation will be addressed as part of the transition. Options on the table include redirecting this share to Block Producers, to a community-controlled treasury, to stakers, or to a combination, subject to a FIP and Block Producer approval. We will not make this decision unilaterally. The community will. Websites, documentation, and infrastructure fio.net, dev.fio.net, the FIO Dashboard, and other Foundation-operated properties will transition to community maintainers where there is willingness and capacity to take them over, or will be archived in a way that preserves history and keeps the ecosystem documented. Source code and documentation are already open source. Partnerships and integrations Integrators who have active partnerships, co-marketing commitments, or in-flight integration work with the Foundation will be contacted directly. We will do our best to hand off relationships gracefully, to community members or Block Producer teams where appropriate. A Word of Thanks We extend our sincere thanks to every integration partner, Block Producer, token holder, community member, and contributor who believed in the mission of making blockchain usable for everyone. Special thanks to our early supporters, including Binance Labs, who led the Foundation’s Series A funding. The code is open-sourced. The chain is running. The community that built it moves forward. The FIO Protocol endures. — The FIO Foundation A New Chapter for FIO: The Protocol Transitions to Community Stewardship was originally published in FIO Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

A New Chapter for FIO: the Protocol Transitions to Community Stewardship

After years of building, integrating, educating, and advocating, the FIO Foundation is formally transitioning full stewardship of the FIO Protocol from the Foundation to the FIO community.
From day one, the FIO Foundation was chartered not to run, manage, or control the protocol, but to facilitate its growth until the ecosystem could stand on its own. That time has arrived. The Foundation is stepping back so that the community, the Block Producers, the integrators, the developers, and the token holders can step forward as the protocol’s permanent stewards.
What this means:
FIO Chain: The chain is a battle-tested fully decentralized, public Delegated Proof of Stake network operated by independent Block Producers around the world. It does not depend on the Foundation to produce blocks, validate transactions, or resolve FIO Handles.
Your FIO Handles, Domains, and Tokens: Registrations, renewals, transfers, requests, mappings, and all protocol functionality continue to operate exactly as they do today.
The protocol: The FIO protocol keeps evolving. FIO Improvement Proposals (FIPs), the Bug Bounty Program, and the open-source repositories on GitHub remain the way changes get proposed, reviewed, and shipped.
Governance: The on-chain machinery that makes FIO decentralized is not going anywhere. Token holders vote for Block Producers. Block Producers set fees and approve smart contract changes by supermajority. If you hold FIO tokens, get involved in the governance of the chain.
What is changing is that the Foundation itself, as a Cayman non-profit entity with a Board, Steering Committee, and Worker Proposal structure, will be sunsetting its legal entity operations. The work that has historically sat inside that structure will transition to community-led efforts, and any remaining treasury assets will be allocated toward outstanding obligations and dissolution costs.
Why This, and Why Now
Foundations, by design, are scaffolding. They are supposed to eventually come down. Several converging realities have brought us to this decision:
The protocol has matured. FIO Handles, Domains, Requests, Data, NFT signatures, and handle mapping are live, documented, SDK-supported, and integrated across dozens of wallets and exchanges. The core product is open source, and it is battle-tested on mainnet. Block Producers already run infrastructure and secure the chain. Independent developers already submit FIPs and maintain SDKs. Integrators already market and onboard users. Much of what the Foundation funds is work the community is already doing.
Foundation Reserves have been depleted. The 181,253,654 FIO Tokens that were reserved at Mainnet launch to seed Foundation operations, minted at 150,000 per day, ran out in July 2023. Since then, the Foundation has operated on transaction fees, TPID rewards, and reserves built up during earlier years. Following Binance’s recent delisting of the FIO Token, that treasury has now reached a point where continuing to support an already decentralized protocol is no longer the most sustainable structure for this ecosystem.
We recognize this is a significant transition, and we have chosen to approach it deliberately. After careful deliberation, the Board and Steering Committee concluded that the right path is to transition in an orderly, well-supported way. We believe the healthiest long-term outcome for FIO is a protocol that belongs entirely, operationally and philosophically, to the people who use it and build on it.
How Stewardship Transitions to the Community
Elements of the transition plan are already in motion. Some will happen over the coming months.
Block Producers become the primary operational backbone
The 21 active and 21 standby Block Producers already secure the chain, validate every transaction, approve smart contract changes by 2/3 + 1 supermajority, and set fees through continuous median submission. Going forward, Block Producers will also take the lead on:
Coordinating protocol upgrades and emergency response
Maintaining the core chain software and contract repositories
Approving and shepherding FIPs through review to deployment
Publishing status updates and health metrics for the network
Administering the Bridge Custodian set that operates the ETH, Polygon and Base bridges
If you are not already voting for Block Producers or proxying your FIO Tokens to someone who is, now is the moment to do so. Block Producer elections are the most direct lever token holders have to shape who operates and evolves the protocol. Every FIO Token is a vote.
The FIP process remains the canonical way changes happen
Nothing about FIO Improvement Proposals changes structurally. Anyone can still open a FIP in the fioprotocol/fips repository on GitHub. Community review still happens in the open. Block Producer supermajority still governs contract deployment. What changes is that the Foundation will no longer be the default sponsor, impact-statement author, or funder for new FIPs. That role moves to the community: Block Producers, integrators, and independent contributors who care enough about an improvement to shepherd it.
Ongoing revenue streams
The protocol’s economic model does not depend on the Foundation to keep running. Block Producers continue to receive 60% of every fee collected. Stakers continue to receive 25%. Integrators continue to receive 10% of fees via TPID (currently boosted to 50% via New User Bounties for qualifying integrators) and 11% of staking rewards when their users unstake. These flows are enshrined in the chain itself. They do not switch off.
The 5% of fees historically paid to the Foundation will be addressed as part of the transition. Options on the table include redirecting this share to Block Producers, to a community-controlled treasury, to stakers, or to a combination, subject to a FIP and Block Producer approval. We will not make this decision unilaterally. The community will.
Websites, documentation, and infrastructure
fio.net, dev.fio.net, the FIO Dashboard, and other Foundation-operated properties will transition to community maintainers where there is willingness and capacity to take them over, or will be archived in a way that preserves history and keeps the ecosystem documented. Source code and documentation are already open source.
Partnerships and integrations
Integrators who have active partnerships, co-marketing commitments, or in-flight integration work with the Foundation will be contacted directly. We will do our best to hand off relationships gracefully, to community members or Block Producer teams where appropriate.
A Word of Thanks
We extend our sincere thanks to every integration partner, Block Producer, token holder, community member, and contributor who believed in the mission of making blockchain usable for everyone. Special thanks to our early supporters, including Binance Labs, who led the Foundation’s Series A funding.
The code is open-sourced. The chain is running. The community that built it moves forward. The FIO Protocol endures.
— The FIO Foundation
A New Chapter for FIO: The Protocol Transitions to Community Stewardship was originally published in FIO Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
Replace this: 0x7a9c...4f2b With this: yourname@wallet Secure your FIO Handle → app.fio.net
Replace this:
0x7a9c...4f2b

With this:
yourname@wallet

Secure your FIO Handle → app.fio.net
The best time to secure your handle was early The next best time is now.
The best time to secure your handle was early
The next best time is now.
The future isn’t one chain It’s seamless interaction between many.
The future isn’t one chain
It’s seamless interaction between many.
Tired of losing domains because you forgot to renew? With 50+ year FIO registrations, you can set it and literally forget it for decades. Your crypto identity stays yours - no matter what. 🛡️
Tired of losing domains because you forgot to renew?

With 50+ year FIO registrations, you can set it and literally forget it for decades.

Your crypto identity stays yours - no matter what. 🛡️
FIO works across the wallets you already use.
FIO works across the wallets you already use.
Your FIO Domain becomes a true digital asset you can pass down. Build your legacy on-chain. 🌐
Your FIO Domain becomes a true digital asset you can pass down. Build your legacy on-chain. 🌐
No more yearly renewals. No expiration anxiety. Just one registration that lasts half a century.
No more yearly renewals. No expiration anxiety. Just one registration that lasts half a century.
FIO Protocol
·
--
💎Own your digital identity for decades.

FIO Domains are now available with 50+ year registrations, keeping your crypto name secure for generations.

Claim yours today and forget about renewals: app.fio.net/fio-domain
💎Own your digital identity for decades. FIO Domains are now available with 50+ year registrations, keeping your crypto name secure for generations. Claim yours today and forget about renewals: app.fio.net/fio-domain
💎Own your digital identity for decades.

FIO Domains are now available with 50+ year registrations, keeping your crypto name secure for generations.

Claim yours today and forget about renewals: app.fio.net/fio-domain
If sending money feels stressful, the system is broken.
If sending money feels stressful,
the system is broken.
gm to everyone upgrading their crypto UX 🌞
gm to everyone upgrading their crypto UX 🌞
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