Ethereum Is The Most Likely Base-Layer For Global CDBCs [CBDCs]
________
Source: Business Insider
How Peter Thiel's fellowship program has birthed power players worth more than $220 billion collectively, from crypto giant Ethereum to Adobe rival Figma
By Katie Canales | August 21, 2022
Ethereum cofounder Vitalik Buterin; Peter Thiel; Luminar CEO Austin Russell. Michael Ciaglo/Getty Images; Marco Bello/Getty Images; Kimberly White/Getty Images for TechCrunch
• Peter Thiel's fellowship program has been doling out $100,000 checks to young entrepreneurs for 11 years now.• The only catch? You have to drop out of college to pursue your big idea.• The program has helped drive some big names to success, like Ethereum's Vitalik Buterin.
Peter Thiel has been paying young adults $100,000 to drop out of college and launch their own companies for 11 years now.
The famed Silicon Valley investor and former Trump adviser founded his Thiel Fellowship program through his foundation for students aged 22 or younger.
The idea was to help young people see their budding ideas funded and realized with access to coaching from noted CEOs and other entrepreneurs, without the burden of attending classes in a university setting. The program encourages the fellows to return to school afterwards, though not all do.
The likes of Ethereum champion Vitalkin Buterin, Adobe rival Figma, and others saw the light of day thanks to Thiel, who has been open about his stance on higher education being overrated.
"For some people, it's still worth it," Thiel told Newsweek in early 2017, referring to earning a college degree. "But a lot of graduates can't get good jobs; they're saddled with debt and moving back home with their parents. People are starting to see that something has gone wrong."
Here are some of the projects that have come out of Thiel's fellowship.
Ethereum
Nowadays, Ethereum is a household name for anyone even remotely following the world of crypto. It's a decentralized network with a native coin, Ether, that has become the second-largest cryptocurrency by market cap.
But back in 2014, its then-20-year-old founder Vitalkin Buterin sought help from Thiel's prolific fellowship program to help push forward his project, which he had already launched — he wrote a white paper on Ethereum in 2013 and had co-launched Bitcoin Magazine, a news outlet highlighting developments in the digital currency sphere.
He dropped out of the University of Waterloo after a year of studying computer science.
In 2014, Ethereum raised $15.5 million in an initial coin offering (ICO,) which involves companies selling crypto to users in the hope that it appreciates in value.
Please go to Business Insider to read more.
The famed Silicon Valley investor and former Trump adviser founded his Thiel Fellowship program through his foundation for students aged 22 or younger.
The idea was to help young people see their budding ideas funded and realized with access to coaching from noted CEOs and other entrepreneurs, without the burden of attending classes in a university setting. The program encourages the fellows to return to school afterwards, though not all do.
The likes of Ethereum champion Vitalkin Buterin, Adobe rival Figma, and others saw the light of day thanks to Thiel, who has been open about his stance on higher education being overrated.
"For some people, it's still worth it," Thiel told Newsweek in early 2017, referring to earning a college degree. "But a lot of graduates can't get good jobs; they're saddled with debt and moving back home with their parents. People are starting to see that something has gone wrong."
Here are some of the projects that have come out of Thiel's fellowship.
Ethereum
Buterin. Michael Ciaglo/Getty Images
Nowadays, Ethereum is a household name for anyone even remotely following the world of crypto. It's a decentralized network with a native coin, Ether, that has become the second-largest cryptocurrency by market cap.
But back in 2014, its then-20-year-old founder Vitalkin Buterin sought help from Thiel's prolific fellowship program to help push forward his project, which he had already launched — he wrote a white paper on Ethereum in 2013 and had co-launched Bitcoin Magazine, a news outlet highlighting developments in the digital currency sphere.
He dropped out of the University of Waterloo after a year of studying computer science.
In 2014, Ethereum raised $15.5 million in an initial coin offering (ICO,) which involves companies selling crypto to users in the hope that it appreciates in value.
Please go to Business Insider to read more.
________
News update for 16 September 2022:
News update on Etherium for 16 September 2022:
More on Peter Thiel:
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.