Bankless Co-Founder David Hoffman Says He Sold All Ethereum as Podcast Leadership Shifts

Bankless said co-founder Ryan Sean Adams moved into a behind-the-scenes role, while David Hoffman assumed full control of the crypto-focused podcast.

Summary

Bankless co-founder David Hoffman publicly said he sold all ETH, a disclosure that coincided with a leadership change at Bankless. The company announced that co-founder Ryan Sean Adams moved behind the scenes and that Hoffman took full control of the podcast. ETH is the native token of Ethereum, a blockchain network that supports smart contracts (self-executing blockchain code) and decentralized applications. The update links a personal asset decision by one of the show’s founders with a structural shift in who is leading one of the better-known crypto media podcasts.

Terms & Concepts
  • ETH: The native cryptocurrency of Ethereum, used to pay network fees and interact with applications on the blockchain.
  • Ethereum: A blockchain network that supports smart contracts (self-executing blockchain code) and decentralized applications.
  • Smart contracts: Self-executing blockchain code that automatically carries out actions when preset conditions are met.