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- 1 Cameron Winklevoss and Tyler Winklevoss are together known as the Winklevoss brothers.
- 2 They are American investors, rower Olympians, and entrepreneurs.
Winklevoss twin brothers were born on August 21, 1981, in Southampton, New York. They were raised and grew up in Greenwich Connecticut. Cameron Winklevoss is left-handed whereas Tyler Winklevoss is right-handed. They completed their schooling at Greenwich Country Day School.
They participated in many extra-curricular activities from the very beginning. The twins had a lot of interest in rowing and they started rowing right from high school. They won the IRA championship, Eastern Sprints, and Havard Yale race at Harvard College. In 2007, they won gold in the Eights and silver in the Coxless Four.
Investments of Winklevoss Brothers
In 2004, the Winklevoss brothers filed a lawsuit against Facebook alleging Mark Zuckerberg had broken the oral contract with them and Zuckerberg had copied their ConnectU idea to create the social network site and illegally used source code intended for the website he was hired to create. They received $65 Million in cash and Facebook stock in 2008.
The Winklevoss brothers used the settlement money to invest in many startups. They also made investments in Bitcoin. They invested $11 Million in Bitcoin in April 2013. At that time, it was trading at just $120.
In 2014, they founded Gemini, a cryptocurrency exchange licensed in their home state of New York. The platform later grew and acquired the NFT marketplace Nifty Gateway in 2019. The parent company Gemini Space Station was valued at $7.1 Billion as of November 2021. Cameron is the President of the company whereas Tyler is the CEO.
The latest investments were made by the twin brothers on March 8, 2023, when Toku raised $20 Million in funding in a Venture round. On March 7, 2023, they invested in the organization KresusLabs in Series A. The third investment made by them was on March 10, 2021, for the organization name Belliwelli in Seed round.
They made 3 partnered investments. The first one was made on January 15, 2021, with the organization Zcash. The second investment was made with Somnium Space on October 26, 2021. The third partnered investment was made on January 18, 2022, with Animoca Brands.
Winklevoss brothers are the largest vocal investors in Bitcoin. It is believed that they own 1% of the Bitcoin in existence. They also own a large quantity of Ethereum. In November 2022, Bitcoin had grown valuable enough for both brothers to be billionaires. In 2021, when Bitcoin topped $60,000, the combined net worth of the brothers topped $6 Billion.
They also invested in real estate by purchasing a property in Los Angeles. The mansion costs around 18 Million. After owning the property for 3 years, they leased the property and now gain benefits from that as well.
Winklevoss twins are crypto fans believing that Bitcoin will remain the best choice for investments. They trust that cryptocurrency has the potential to replace gold. Gemini will offer rates up to 7.4% APY (Annual Percentage Yield).
It would be interesting to see how the twin brothers will continue to shape the crypto landscape in the long run. All eyes are on the investments and partnerships that they seal in the upcoming days.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
