The founding of Ethereum is a legend. The story, told in several books, spawns a diverse crew of programmers who built on a white paper written by 19-year-old genius Vitalik Buterin and, after much drama and chaos, created the world’s most popular blockchain.
Two of those early partners, Gavin Wood and Charles Hoskinson, later switched to Buterin and brought in Ethereum competitors, Polkadot and Cardano, and now the other founder is launching his own massive blockchain project, which he says he will complete. Ethereum and promote decentralization.
The new Andiami project is the brainchild of Anthony Di Iorio, who likes Buterin, hails from Toronto, and is known for funding early-stage Ethereum projects. Today, Di Iorio is rich from his early holdings in Ethereum and other crypto investments, and if successful, his new venture could be a key pillar in achieving Web3, the decentralized internet.
On Monday night, as part of the W3B Summit kickoff, Di Iorio took the stage in downtown Toronto to officially announce Andiam, an Italian word he coined that means “Let’s Go Together.” The launch of the project is a multi-year event involving tokens and a new protocol, but the focus is on sending 3,000 Cube console units to people around the world who are randomly selected from a whitelist.
Iorio explained that cubes, which he describes as Xbox-like devices, are crucial to solving two Web3 problems: the paradox of centralized decentralization and the persistence of Web2 business models.
The term “centralized decentralization” refers to the phenomenon that significant parts of Ethereum, nominally free of any central authority, are increasingly controlled by a handful of large players.
These include Alchemy and Infura, which provide infrastructure to help businesses interact with the blockchain, and more recently, Coinbase and Lido, which are responsible for validating transactions based on Ethereum’s new proof-of-stake system. At the same time, these big players depend on the centralized servers of Web2 giants like Amazon and Google to manage their operations.
Di Iorio believes that the solution to this is to empower people to oust these centralized blockchain actors by deploying their own hardware, i.e., cubes that act as decentralized servers capable of storing 12 terabytes of data and communicating with anything else. a large blockchain that stores copies of the ledger history and validates transactions.
“Cubes are plug-and-play full nodes with blockchain data indexed for each chain,” explains Di Iorio. “You can’t have a user-controlled internet if the user doesn’t have their own server.”
To further promote decentralization, he says registrants will not have to provide any identifying information other than their first name. He suggests that those receiving it use a P.O. Box and says Andiami will destroy this information to preserve anonymity.
The Cubes and its accompanying suites will be sold on a sliding scale from $300 to $5,000 to low-income participants, as part of Di Iorio’s plan to weed out venture capitalists, who he says were major contributors. centralization in the blockchain domain.
Tokens Adventure Game
Di Iorio, like many in the crypto community, is a lifelong fan of games and puzzles, so it’s no surprise that Andam has a heavy gaming element. Those who join the cube will receive the “Quest for Freedom” pack, which requires solving a series of physical and digital puzzles to earn “Digital Life Tokens.” The economy of the future node-sharing protocol built by Andiam uses tokens that allow owners to participate in the allocation of resources for various blockchain activities Owners of cubes that connect to each other using the future protocol will later receive rewards for hosting and sharing node data.
Di Iorio told sources that Andiami has not decided on the nature of the tokens, but they are happy to come up with a so-called blockchain built on Ethereum. in the form of the second layer.
Cube owners also get a physical authentication chip that works with their phones to prove ownership and identity, a feature Andiami calls “NFPs” for non-repairable physicals.
As noted, this is a very ambitious undertaking, even by the standards of blockchain projects. That’s why Di Iorio has given himself a long timeline: the tokens are scheduled to be distributed in late 2023, and the cubes won’t arrive until late 2024.
Of course, it’s too early to tell if all of this—or any of it—will come to fruition, though Di Iorio certainly has the means to try. It is also worth noting that the Hoskinson and Wood projects, started by his compatriots in the early days of Ethereum, are now worth several billion dollars. It is not out of the question that Andiami can achieve the same thing one day.