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Fortune
Fortune
Jeff John Roberts

Ethereum cofounder announces massive blockchain project

Andiami is a decentralized node project built around Cubes hardware. (Credit: Courtesy Anthony Di Iorio)

The founding of Ethereum is the stuff of legend. The tale, recounted in several books, turns on a motley group of programmers who built upon a white paper written by 19-year-old genius Vitalik Buterin, and, after much drama and chaos, created the most popular blockchain in the world. Two of those early collaborators, Gavin Wood and Charles Hoskinson, would later turn on Buterin and launch rivals to Ethereum—Polkadot and Cardano, respectively—and now another cofounder is launching a massive blockchain project of his own—but one he says is a complement to Ethereum and will promote decentralization.

The new project, Andiami, is the brainchild of Anthony Di Iorio, who like Buterin hails from Toronto and is best known for financing Ethereum in its infancy. Today, Di Iorio is rich thanks to proceeds from his early stake in Ethereum and other crypto investments, and, if his new venture succeeds, it could be a key pillar in achieving the elusive goal of a decentralized internet known as Web3.

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