On April 8, the NEM Foundation announced plans for a large-scale restructuring of the project’s operations. Three operating entities – NEM Ventures, NEM Trading and NEM Software – will now be overseen by the new NEM Group.
The president of the foundation, Alexandra Tinsman, also announced that he will be taking a paid vacation of 6 months. In his absence, the NEM Group will be managed by CEO David Shaw.
Tinsman served as president of the NEM Foundation for two years. She justified the decision through health issues – in 2018, Tinsman underwent a heart surgery.
A part of the NEM community commented negatively on its decision, in the context where the XEM token has not evolved very well lately. Its value dropped from $ 0.075 in February to $ 0.035 today.
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