When Forbes announced its “First Cryptocurrency Rich” list in February 2018, it caused quite a stir. The list included 19 names such as Chris Larsen, Vitalik Buterin, Chanpeng Zhao and Joseph Lubin. The stories of all these people are more interesting than the other; Among them, one of the most striking stories is the adventure of Brock Pierce… Pierce, 41, acted in his childhood, pioneered video sites such as Youtube in his youth, concentrated on investments in the crypto chain sector in the following years, and finally became an independent candidate for the US Presidency in 2020. dead…
From acting to entrepreneurship
Brock Pierce started to act in Disney’s Mighty Duck movies from the age of 9, which became classics in the USA. Pierce’s filmography, which made his last film in 1997, includes 11 films apart from commercials. However, Pierce says he started acting when he was 3 years old.
Stating that his family was young and poor, Pierce states that he had everything he needed in his childhood. What they earn from commercials is already enough for that. Pierce says that when he was 16 years old, he asked himself what he wanted to do, he said that he realized he wanted to be a creator and entrepreneur and that’s why he quit acting. Noting that he is included in the first generation that grew up with computers and the internet, the entrepreneur emphasizes that he has shifted to this field as a result.
Pierce co-founded the video site Digital Entertainment Network (DEN) in 1998, which is now considered one of the pioneers of Youtube. In the late 1990s, when the stock market value of website start-ups in the USA skyrocketed, DEN earned $88 million.
From here, he moved to the gaming industry.
Pierce, an ambitious gamer, took steps in this area in the 2000s. Pierce, who founded Internet Gaming Entertainment, one of the largest virtual asset trading companies, started new ventures in this way.
The company was recruiting thousands of people in China to play video games like World of Warcraft and collecting virtual prizes that everyone was eager to win. He then sold these rewards to millions of video gamers for real money.
Sexual assault charges filed against Pierce
In 2000, sexual assault charges were filed against Brock Pierce, along with other directors of DEN. Fleeing from the USA, Pierce was caught by Interpol in Spain in 2002 and brought to trial. Pierce was found not guilty in the case and was released.
In the early days of the crypto chain, he arbitraged crypto with the money he earned from the video game industry. Impressed by the potential of Bitcoin, Pierce quit his job to find help and capital for Mastercoin, Blockchain Capital, Coinbr, Ethereum, Tether and Bitfury and directed his ventures to this field. One of the last of these initiatives was Block.one, one of the most important blockchain platforms.
Pierce joined Bart and Bradford Stephens, co-founders of venture capital firm Blockchain Capital (BCC), in 2013. By October 2017, the company had raised $85 million from two venture funds.
In the same year, he started working with a start-up called Mastercoin, which raised capital with an initial digital currency offering (ICO). In the process, he was involved in the first and largest ICO, as well as the establishment of the first crypto-friendly bank.
In May 2014, he became chairman of the nonprofit Bitcoin Foundation and held that position for nearly a year. The lawsuit filed against him in 2000 followed him here as well, and after Pierce was elected president, resignations occurred in the foundation.
Continuing his activities in the crypto industry over the years, Pierce became an independent candidate for the Presidential Elections in 2020. Pointing out that he personally spent $6 million on the election campaign, Pierce interprets this experience as “an expensive and risky lesson in running a national election campaign without the infrastructure of a major political party.”
How does he view money?
There are speculations about Pierce’s total assets; We don’t know how much money he has in 2023. But in 2018, Forbes wrote that his total wealth from crypto was between $700 million and $1 billion.
Pierce, who has come to the fore in recent years with his activities in the crypto money sector, as well as his great help and philanthropy in this field, expresses his perspective on money with the following words:
“We all face serious existential threats in today’s world. We are going through difficult times and the shroud has no pockets. So, if I can make a beneficial impact on the world, it will be now, not later. I see money as an energy that is kept closed, and that energy wants to flow. It is a current and our aim is to lead it well.
Pierce is now commenting on the developments in the crypto money world on television, where he appeared with commercials when he was 3 years old.
Source: Forbes, National News, Cryptocoin
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