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Ethereum co-founder Anthony Di Iorio has announced his intention to leave the crypto industry, expressing concerns about his personal safety.
According to a July 17 report from Bloomberg, Di Iorio is looking to sell his digital asset firm Decentral and sever ties with all the other crypto projects he’s currently involved in, saying he no longer feels safe. due to its high profile within the crypto sector:
“He has a risk profile that I’m not too passionate about. I don’t necessarily feel safe in this space. If I focused on bigger issues I think I would be safer.
Coming from a web development background, Di Iorio was one of eight co-founders who started working on Ethereum in 2014. He was digital director of the Toronto Stock Exchange in 2016 and focused on investing in venture capital and start-up consulting in recent years. years.
In 2016, the 48-year-old Canadian entrepreneur founded blockchain company Decentral, which operates Jaxx Liberty, a cross-platform cryptocurrency wallet that has more than one million users.
Since 2017, Di Iorio has been traveling with a security team. In 2018, Forbes estimated his net worth at $ 1 billion, with Di Iorio in his crypto rich list for the year. In the same year, Di Iorio was put in the limelight again after buying the largest condo in Canada for $ 22 million and using crypto for part of the payment.
Di Iorio now expects to sell Decentraland for “hundreds of millions”, stressing that he will only accept cash or shares from another company for settlement, and will not consider offers made in cryptocurrency .
The entrepreneur also stressed that he does not want to invest in blockchain startups in the future.
Related: Anthony Di Iorio: at the forefront of Canada’s Bitcoin community
In a bid to find more philanthropic activity, Iorio joined Project Arrow – which plans to build Canada’s first zero-emission vehicle – with the entrepreneur claiming that crypto can only help a small number of the world’s problems. :
“I want to branch out so that I’m not a crypto guy, but a guy who tackles complex issues. I will integrate crypto if necessary, but a lot of times I don’t… It’s really a small percentage of what the world needs.
Of the eight co-founders of Ethereum, only Vitalik Buterin is still actively working on the blockchain platform.
Charles Hoskinson and Gavin Wood launched rival blockchains, namely Cardano and Polkadot. Mihai Alisie and Joeseph Lubin started companies to focus on Ethereum applications and development, launching the AKASHA project and ConsenSys respectively.
The remaining founders, Amir Chetrit and Jeffrey Wilcke, have taken similar steps to Di Iorio by leaving crypto to focus on other industries.
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