Olaf Carlson-Wee | |
---|---|
Born | 1989 Northfield, Minnesota, United States |
Nationality | American |
Alma mater | Vassar College |
Occupation | Entrepreneur |
Olaf Carlson-Wee is an American entrepreneur and the CEO of cryptocurrency fund Polychain Capital, which he founded in 2016. [1] He was the first employee of Coinbase. [2] Carlson-Wee was named in the Forbes 30 Under 30 list in 2018.
After graduating from Vassar College in 2012, he joined the cryptocurrency exchange Coinbase in 2013 as the first employee of the company. He was paid in bitcoins for three years. [3]
He left Coinbase and founded Polychain Capital, a cryptocurrency investment firm, in 2016. [4] The firm secured investments from venture capital firms Sequoia Capital, Union Square Ventures and Founders Fund. [5] [6] Polychain claimed $1 billion in assets in 2017 but the total dropped to $592 million at the end of 2018 as the value of its holdings fell. [7] The firm managed assets worth $4 billion in April 2021. [8]
In July 2017, Carlson-Wee appeared on the cover of Forbes with the cover line, "Craziest Bubble Ever". [8] In 2018, he was named in the Forbes 30 Under 30 list. [9] [10] He featured in Fortune magazine's 40 Under 40 in 2018. [11]
Carlson-Wee was again profiled as part of Forbes’s Blockchain 50 2022 [12] and in a related Forbes video feature. [13]
A cryptocurrency, crypto-currency, or crypto is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it. It is a decentralized system for verifying that the parties to a transaction have the money they claim to have, eliminating the need for traditional intermediaries, such as banks, when funds are being transferred between two entities.
Coinbase Global, Inc., branded Coinbase, is an American publicly traded company that operates a cryptocurrency exchange platform. Coinbase is a distributed company; all employees operate via remote work and the company lacks a physical headquarters. It is the largest cryptocurrency exchange in the United States by trading volume. The company was founded in 2012 by Brian Armstrong and Fred Ehrsam.
Ethereum is a decentralized, open-source blockchain with smart contract functionality. Ether is the native cryptocurrency of the platform. Among cryptocurrencies, ether is second only to bitcoin in market capitalization.
A decentralized autonomous organization (DAO), sometimes called a decentralized autonomous corporation (DAC), is an organization constructed by rules encoded as a computer program that is often transparent, controlled by the organization's members and not influenced by a central government. In general terms, DAOs are member-owned communities without centralized leadership. A DAO's financial transaction records and program rules are maintained on a blockchain. The precise legal status of this type of business organization is unclear.
Circle is a peer-to-peer payments technology company. It was founded by Jeremy Allaire and Sean Neville in October 2013. Circle is the issuer of the USDC stablecoin, with US$55 billion in circulation as of August 2022.
Blockchain Capital is a venture capital company. The company was founded in October 2013 by Bart Stephens, Bradford Stephens and Brock Pierce, chairman of the Bitcoin Foundation. Blockchain Capital is one of the most active and oldest venture investors in blockchain technology with a portfolio of more than 70 projects financed and $275M assets under management.
Kraken is a United States–based cryptocurrency exchange and bank, founded in 2011. It was one of the first bitcoin exchanges to be listed on Bloomberg Terminal and is reportedly valued at $10.8 billion USD, as of mid-summer 2022.
Gemini Trust Company, LLC (Gemini) is a cryptocurrency exchange and custodian that allows customers to buy, sell, and store digital assets. It was founded in 2014 by Cameron and Tyler Winklevoss. Currently, it operates in the United States, Canada, the United Kingdom, South Korea, Hong Kong, and Singapore.
Digital Currency Group (DCG) is a venture capital company focusing on the digital currency market. It is located in Stamford, Connecticut. The company has five subsidiaries which are CoinDesk, Foundry, Genesis, Grayscale Investments, and Luno.
Abra is a financial services and technology company that operates a cryptocurrency wallet service including a trading service for buying and selling cryptocurrencies, a service for earning interest on cryptocurrencies and stablecoins, and a lending services for borrowing against cryptocurrency collateral.
An initial coin offering (ICO) or initial currency offering is a type of funding using cryptocurrencies. It is often a form of crowdfunding, although a private ICO which does not seek public investment is also possible. In an ICO, a quantity of cryptocurrency is sold in the form of "tokens" ("coins") to speculators or investors, in exchange for legal tender or other cryptocurrencies such as Bitcoin or Ether. The tokens are promoted as future functional units of currency if or when the ICO's funding goal is met and the project successfully launches.
A cryptocurrency bubble is a phenomenon where the market increasingly considers the going price of cryptocurrency assets to be inflated against their hypothetical value. The history of cryptocurrency has been marked by several speculative bubbles.
Binance is a cryptocurrency exchange which is the largest exchange in the world in terms of daily trading volume of cryptocurrencies. It was founded in 2017 and is registered in the Cayman Islands.
Brian Armstrong is an American business executive and investor who is CEO of cryptocurrency platform Coinbase. He received media attention for his policy of keeping the workplace free of political activism.
The DFINITY Foundation is a not-for-profit organisation developing the Internet Computer. The Internet Computer is a public blockchain platform which is based on a network of sub-blockchains governed by an ownerless master blockchain. The web3 platform is designed to enhance the Internet with a new form of server-less cloud-functionality. Its internal cryptocurrency ICP is the short form of its underlying protocol, the Internet Computer Protocol.
Uniswap is a cryptocurrency exchange which uses a decentralized network protocol. Uniswap is also the name of the company that initially built the Uniswap protocol. The protocol facilitates automated transactions between cryptocurrency tokens on the Ethereum blockchain through the use of smart contracts. As of October 2020, Uniswap was estimated to be the largest decentralized exchange and the fourth-largest cryptocurrency exchange overall by daily trading volume.
Pantera Capital is an American hedge fund that specializes in cryptocurrencies. It is the largest crypto hedge fund in the world by AUM.
Frederick "Fred" Ernest Ehrsam III, is an American business executive and investor who is the co-founder and managing partner of cryptocurrency investment firm Paradigm. He is also the co-founder of cryptocurrency exchange Coinbase.
Polychain Capital (Polychain) is an American investment firm based in San Francisco, California. The firm focuses on investments related to cryptocurrency and blockchain technology.
Three Arrows Capital was a Singapore-based cryptocurrency hedge fund which was ordered to liquidate on 27 June 2022 by a court in the British Virgin Islands. It was founded in 2012 by Kyle Davies and Su Zhu. The company borrowed billions of dollars to fund its trading, and according to July 2022 bankruptcy filings, faces $3.5 billion in creditors' claims. The fund appears to have lost in excess of $3 billion over 2021 and 2022, making its collapse one of the largest hedge-fund trading losses of all time.
{{cite web}}
: CS1 maint: url-status (link){{cite web}}
: CS1 maint: url-status (link)