Anthony Di Iorio, co-founder of Ethereum and CEO of the blockchain business Decentral, will be selling his current enterprise Decentral to create a humanitarian foundation in the coming year, cutting his significant links to the cryptocurrency sector.
To solve what he described as “large problems,” Di Iorio claimed the new group will employ ideas he learned as a crypto entrepreneur, as well as perhaps blockchain technology itself.
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.
He plans to fund the company using his personal assets, which he refuses to reveal, as well as profits from the sale of Decentral, which he estimates to be worth “a few hundred million dollars.” He’s already spoken to prospective buyers and expects to sell Decentral for fiat cash or a share in another company rather than cryptocurrency.
While he will cease his connections with other blockchain companies in which he is associated, he stated that in his future work, he is open to combining blockchain technology with other approaches.
The organization will work in a number of industries and on a variety of challenges, although Di Iorio did not say which ones. He’s already had weekly “whiteboarding meetings” with a number of industrial and political figures, including Carlos Rejala, a Paraguayan lawmaker and bitcoin enthusiasts.
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Decentral primarily focused on Jaxx product, the multi-token blockchain interface that provides a unified experience across 8 platforms and devices. Jaxx enables crypto-to-crypto buying and selling with frictionless in-wallet conversion. Users are always in control of their keys and Jaxx neither holds nor has access to customer funds.
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