Ethereum co-founder, Anthony Di Iorio, has announced his intention to sever his strong ties with the cryptocurrency market. Di Iorio is selling his current firm, Decentral, to fund the creation of a humanitarian foundation slated for the upcoming year. This significant move marks a pivotal shift in Di Iorio’s career, transitioning from a prominent figure in the crypto space to a dedicated problem solver focused on humanitarian efforts.
A Problem Solver at Heart
In a candid statement, Di Iorio shared his motivations behind this major career change:
“I’m a crypto guy, and I don’t want to be known as a Crypto person. I want to be known as a Problem Solver.”
Di Iorio cited fears about his safety as a considerable factor, accounting for “a good 20%” of his decision to step away from the cryptocurrency realm. He expressed a desire to tackle “large problems” through his new organization, leveraging the skills and insights he gained as a crypto entrepreneur. While distancing himself from direct involvement in the crypto market, Di Iorio remains open to integrating blockchain technology into his future humanitarian projects.
Valuing Decentral and Financing the Transition
Di Iorio plans to finance the acquisition of Decentral using his personal assets and proceeds from its sale. He estimates the value of Decentral at “a few hundred million dollars” and is actively engaging with potential buyers. Notably, he intends to sell Decentral for fiat currency or a share in another business rather than cryptocurrency, signaling a complete departure from the crypto ecosystem.
Back in 2018, Forbes estimated Di Iorio’s wealth at $1 billion, a valuation during a period when Ether’s price was less than half of its current value. This financial stability enables him to pursue his philanthropic ambitions without relying on cryptocurrency revenues.
Future Projects and Continued Use of Blockchain
Two years ago, at age 46, Di Iorio announced his resignation as board chairman of Decentral, the wallet and crypto services provider he founded. However, he briefly returned to a day-to-day management role, delaying his full-time commitment to philanthropy. Now, with his decision to step back from the crypto market, Di Iorio emphasizes a balanced approach:
“There’s a middle ground, and crypto is a tool in my tool belt.”
While he will cease his connections with other associated blockchain companies, Di Iorio is open to combining blockchain technology with different methodologies in his future endeavors, underscoring his belief in its potential as a valuable tool for solving complex problems.
Launching the Humanitarian Foundation
Di Iorio’s new foundation is already making strides toward its mission. He revealed that the foundation has engaged a public relations company and is focused on scaling its operations, which includes hiring staff to support its initiatives. Although specific areas of focus were not disclosed, Di Iorio hinted at tackling various issues across multiple sectors.
The foundation is also involved in weekly “whiteboarding sessions” with several industry and political figures, including Carlos Rejala, a Paraguayan lawmaker and Bitcoin enthusiast. These collaborations aim to harness innovative solutions and strategic partnerships to address significant humanitarian challenges.
The Road Ahead
Anthony Di Iorio’s transition from the cryptocurrency market to humanitarian work represents a significant personal and professional shift. By stepping away from his role in Decentral and the broader crypto ecosystem, Di Iorio seeks to redefine his legacy as a problem solver dedicated to making a meaningful impact on global issues.
Key Takeaways:
- Severing Crypto Ties: Di Iorio is selling Decentral to fund a new humanitarian foundation.
- Motivations: Desire to be recognized as a problem solver and concerns over personal safety.
- Financing the Transition: Plans to sell Decentral for fiat currency or equity in another business.
- Future Projects: Focus on solving large-scale problems using skills acquired in the crypto industry, with potential integration of blockchain technology.
- Strategic Partnerships: Engaging with industry and political figures to support the foundation’s mission.
Conclusion
Anthony Di Iorio’s decision to leave the cryptocurrency market and establish a humanitarian foundation marks a noteworthy development in the intersection of technology and philanthropy. Leveraging his extensive experience in the crypto space, Di Iorio aims to address significant global challenges, embodying his commitment to being a problem solver. As he embarks on this new journey, the community will keenly watch the foundation’s initiatives and the potential role blockchain technology may play in its humanitarian efforts.
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