June 21 (Cointime) - Diego Oliva, a former Facebook executive, has been appointed as the first CEO of the Starknet Foundation, which oversees the widely used Layer 2 scaling network for Ethereum.

In his new role, Oliva will focus on expanding the community of Starknet developers and contributors, as well as managing the network's ecosystem and growth efforts.

The Starknet Foundation holds 50.1% of the initial mint of 10 billion Stark (STRK) tokens and manages the underlying Layer 2 technology based on ZK-Starks, while also leading community engagement efforts and organizing educational events.