David Hoffman, co-founder of Bankless, disclosed that he had divested from Ethereum, a move that surprised many in the crypto community given his long-standing reputation as one of Ethereum’s most outspoken supporters. Hoffman had built much of his public profile around a strongly pro-Ethereum investment thesis.
The sale comes as the media outlet is transitioning into its “second era” of operations, said co-founder Ryan Sean Adams. Adams playfully speculated that Hoffman might have sold near a market bottom.
Time to say something out loud.
The first era of Bankless has concluded. A six year collaboration between David and myself exploring crypto, defi, and maximizing Ethereum.
We're in the second era now.
