Anthony Di Iorio, co-founder of Ethereum and crypto entrepreneur, says he’s quitting crypto.
In a new report from Bloomberg, Di Iorio says that he’s leaving crypto behind, partially due to “safety concerns.”
Di Iorio is the CEO and co-founder of Canadian blockchain company Decentral, which created Jaxx, one of the most popular crypto wallets in the world. Di Iorio says that he plans to sell the company in the coming weeks for fiat currency and does not want to focus on more crypto-related projects.
As a venture capitalist, Di Iorio says he will no longer fund blockchain-related companies and will instead focus on philanthropy and other ventures.
“It’s got a risk profile that I am not too enthused about. I don’t feel necessarily safe in this space. If I was focused on larger problems, I think I’d be safer.”
According to Bloomberg, Di Iorio is currently involved in a company called Project Arrow, which is headed by his high-school friend. The project is trying to build a zero-emission vehicle.
Di Iorio is also consulting a senator from Paraguay, but he revealed no details on that matter.
“I want to diversify to not being a crypto guy, but being a guy tackling complex problems.
“I will incorporate crypto when needed, but a lot of times, it’s not. It’s really a small percentage of what the world needs.”
Di Iorio’s statements come following a recent viral tweetstorm from Dogecoin co-creator Jackson Palmer, who denounces the crypto industry and says that he has no plans to return to the nascent space.