Andre Cronje shocked the crypto world more than a month ago and has not said a word since. That concludes today with an entry on Medium that provides some context for his departure.
What happened to Andre Crone?
Back in early March, Andre Cronje, best known for founding Yearn Finance (YFI), suddenly disappeared from the cryptocurrency space. Without prior explanation or notice, Cronje left.
Breaking the announcement was Anton Nell, Senior Solutions Architect at the Fantom Foundation. At the time, Cronje was working closely on Fantom and its ecosystem.
Andre and I have decided that we will close the chapters that contribute to the defi/crypto space. We will be discontinuing approximately 25 applications and services on April 3, 2022. – Nell wrote.
Many speculated that this was not the end of Cronje’s involvement in the industry, as he also previously shut down his Twitter account. However, more than a month later, we have not heard anything from him. so far.
Is Crone back?
The short answer is – maybe. Cronje submitted a Medium entry titled “The Rise and Fall of Crypto Culture” on April 18.
Without going too deep into it, Cronje argues that the current “crypto culture has killed the crypto spirit.” He explained that this ethos is centered on concepts such as self-sovereignty, self-custody, self-empowerment, etc. And “Cryptoculture is concepts like wealth, power, fulfillment, and self.”
Cronje has gotten to the point where he believes regulation is necessary “not as a preventive mechanism, but as a protective mechanism.” He believes that the current iteration of the industry will “turn into a wasteland, with unknown wallets lurking in the shadows,” but we will also see “the rise of a new blockchain economy, driven not by greed, but by trust, not by distrust.”
At the end of the day, he said he was very excited about the “new future,” although he also made it clear that he “will not be dabbling in” cryptocurrencies in the current iteration.
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