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Brock Pierce

Co-Founder at Block1

Details

Brock Pierce is an entrepreneur and venture capitalist with an extensive track record of founding, advising, and investing in disruptive businesses. He is credited with pioneering the market for digital currency and has raised more than $5 billion for companies he has founded. Pierce is the Chairman of the Bitcoin Foundation and co-founder of EOS Alliance, Block.one, Blockchain Capital, Tether, and Mastercoin (first ICO). Block.one was created in 2017 and has sold over $4 billion tokens in the EOS crowdsale, making it the largest ever. Blockchain Capital was founded in 2013 and is the first sector-focused venture fund that invests solely in Blockchain technology companies. Pierce led the firm through the first ICO of a venture fund, which created the first security token. Blockchain Capital has made more than 100 investments in the sector across its four funds and was named the most active FinTech Venture Fund by Pitchbook. Tether is the first stable coin and asset-backed token. Pierce is an early investor in Bitcoin and one of the largest investors in the Ethereum crowdsale. He is the founder of IMI Exchange, the world’s leading digital currency marketplace for games, with annual sales exceeding $1 billion and investors such as Goldman Sachs, which was sold in 2016 for more than $100 million. Pierce founded ZAM, one of the world’s largest media properties for gamers, which was acquired by Tencent in 2012. He founded IGE, the pioneer of digital currency in online games, achieving revenues exceeding $100 million in 2006 and sold in 2007. Pierce is also a co-founder of D10e, GoCoin, Blade Payments, Five Delta (sold NASDAQ: SRAX), Xfire 2.0, Playsino, Evertune, GamesTV, and DEN. He also advises Airswap, Bancor, BitGo, BitGuild, BlockV, Bloq, DNA, Element Group, Metronome, Shyft, and tZERO.

Investments

Name
Round
Valuation
Amount
Date
Unikrn Unikrn
-- -- $ 15 M
Sep 27, 2017

Relevance Person

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Brendan Blumer

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Daniel Larimer

Dan Larimer, also known as BM, is a genius programmer and the only creator in the world who has produced three consecutive blockchain products in the top 50 by market capitalization. He graduated from Virginia Tech in 2003 with a bachelor's degree in computer science. His dream has always been to find a free market solution that can guarantee people's lives, freedom, and property security, and make the world a better place. He realized that everything had to start with free currency. In 2013, many Bitcoin exchanges were shut down by the US government, and bank accounts were also seized. At this time, BM began developing the world's first decentralized exchange, Bitshares, and invented bitUSD, a digital currency pegged to the US dollar. In the following two years, Dan systematically solved many of the problems that blockchain technology encountered in application. For example, for the trading speed requirement of 100,000 transactions per second for exchanges, Dan developed the Graphene technology solution. In early 2016, Dan developed the Steem blockchain based on his new understanding and developed the Steemit social media application on this public chain. The DPoS consensus mechanism he proposed is based on the concept of shareholder voting to elect validators, which is used to prevent three to five large mining pools from attacking the network and achieve maximum decentralization. Concerns about the risks of DPoS are actually ignoring greater risks. The lack of unity between token holders and decision-makers is a greater risk for the network. In 2017, at the New York Consensus Conference, BM introduced the ambitious EOS project to the world, with the goal of becoming the operating system of the blockchain industry and being seen as a strong competitor to Ethereum. With parallel computing, millions of TPS, and no transaction fees, EOS contains several important features that, if successful, will make blockchain technology a truly practical technology.

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Jean-Louis van der Velde

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Giancarlo Devasini

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William E. Quigley

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