An Ethereum co-founder wants to sell the company and get out of the crypto space

Anthony Di Iorio founded Ethereum in 2014 with Vitalik Buterin, Gavin Wood, Charles Hoskinson, Joseph Lubin, Jeffrey Wilcke, Mihai Alisie and Amir Chetrit.

Canadian Ethereum co-founder Anthony Di Iorio

Anthony Di Iorio, one of eight Ethereum co-founders, plans to sell his crypto software development company Decentral, where he stepped down as CEO in 2019 to retire entirely from the space Bloomberg.

“I wanted to diversify so as not to be a crypto guy but a problem solver,” said Di Iorio.

Di Iorio, a professional marketer and early bitcoin user, said his departure was partly related to security concerns due to the “risk profile” of crypto. “I don’t feel very safe in this area,” said Di Iorio. “If I focus on the bigger problems, I’ll be safer.”

Decentral, founded by Di Iorio in 2014, describes itself as an “innovation hub for disruptive and decentralized technologies”. In that regard, it’s like a smaller version of ConsenSys in Canada, the Ethereum-specific software development company headed by Joseph Lubin. Decentral’s largest product is the Jaxx Liberty cryptocurrency wallet.

In the Ethereum project, its most famous founder Vitalik Buterin is a gifted programmer who was inherited from his father, a Russian-Canadian cryptographer. Gavin Wood and Charles Hoskinson were in charge of engineering, they also left and started two equally famous blockchain networks, Polkadot and Cardano. And Di Iorio plays an investor and financial expert.

His initial investment in Ethereum proved to be a huge return as the coin exploded at record prices that year. It has a current market cap of $ 220 billion. Although it is not known how much Di Iorio owns, Forbes classified him as a billionaire in 2018 when Ethereum was only a fifth or tenth of today’s price.

Unlike the founder of Dogecoin, Jackson Palmer is always upset about why he left crypto, claiming that the crypto market is manipulated by sharks and controlled by “big ears”. Di. Iorio showed no anger at the world he was in.

“I would integrate crypto as needed, but often that didn’t happen,” he said, referring to future projects. “It’s really a small percentage of what the world needs.”

But like Palmer, he has withdrawn from the crypto space over time. According to Camila Russo’s book, The Infinite Machine, on the history of Ethereum, Di Iorio withdrew from Ethereum after other co-founders decided to convert the project into a Switzerland-based not-for-profit organization.

Thach Sanh

After decryption

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page trang