Too much money isn’t always a good thing, especially when you get too much, too fast! The Canadian entrepreneur and Ethereum co-founder Anthony Di Iorio, 48, will sell his blockchain firm and sever ties with start-ups. It is not revealed if he was the target of threats recently, but he believed he would be ‘safer’ away from crypto. It’s got a risk profile that I am not too enthused about,’ he told Bloomberg. ‘I don’t feel necessarily safe in this space. If I was focused on larger problems, I think I’d be safer.’ Di Iorio founded Ethereum in 2013 and its token, Ether, now has a market value of $225billion. What the Ethereum co-founder will do in the future is the bigger question; he will start selling his current venture Decentral and start a philanthropic foundation in the next year.
Di Lorio commented on this new development in his life, saying, “I’m a crypto guy, and I don’t want to be known as a crypto person,” he said. “I want to be known as a problem solver,” he added. He plans to sell Toronto-based Decentral for ‘hundreds of millions’ and said he has already talked to potential investors. In 2018, Forbes put Di Iorio’s net worth as high as $1billion, but he declined to comment on this or reveal the extent of his crypto holdings.
The would-be philanthropist aims to speed up his benevolent businesses. He has already hired a public relations firm to work with his foundation, including hiring employees. While they haven’t revealed any specifics, it is clear that the foundation will work across industries and various issues. He has already been holding weekly “whiteboarding sessions” with several industry and political leaders, including Paraguayan congressman and bitcoin enthusiast Carlos Rejala.
[Via – Bloomberg]