- Block.One co-founder and CTO Dan Larimer has announced he has left the project
- Larimer and Brendan Blume founded Block.One in 2017 and raised $4 billion through an ICO
- Larimer quit Twitter recently and says he will focus on “creating tools that people can use to secure their own freedom”
Block.One co-founder and CTO Dan Larimer has announced that he left the company on December 31. Larimer says he has no immediate future plans except to “create free market, voluntary solutions for securing life, liberty, property, and justice for all”, although the fact that he recently left Twitter citing censorship concerns could dictate where he turns his attention next. Block.One is the creator of EOS.io, the project that raised $4 billion at ICO.
“All Good Things Must Come to an End”
Perhaps unsurprisingly Larimer revealed his departure on Block.One social media platform Voice, not giving any reasons for his departure except to say that “all good things must come to an end.” Larimer says that despite having no concrete plans for his future endeavors he is “leaning toward building more censorship resistant technologies” following a cancellation of his Twitter account in protest at his belief that “censorship has gotten out of control”.
Larimer states in the post that he will “focus my attention on creating tools that people can use to secure their own freedom” which will be more in demand than ever following the sudden clamping down by social media platforms on individuals like outgoing Donald Trump.
Block.One Helped EOS Raise $4 Billion Through a Year-long ICO
Larimer founded Block.One with business partner Brendan Blume in May 2017, raising $4 billion in a year-long ICO for EOS.io between June 2017 and June 2018. The ICO was deemed by the Securities and Exchange Commission to be an unregistered sale of securities and fined Block.One $24 million.
EOS had already dropped 23% before the announcement and before the Bitcoin correction that brought the entire market down, suggesting that some insider selling was going on prior to the announcement.