Tyler and Cameron Winklevoss had a famous legal battle with Mark Zuckerberg over the establishment of Facebook. Now they are predicting the demise of social networks.
The Harvard-educated twins were portrayed by Armie Hammer as the losers in the 2010 movie “Social Network”, and they have become billionaires due to their bold investments in Bitcoin and other controversial cryptocurrencies.
Large companies from Tesla to Goldman Sachs are encouraged by the surge in digital currency prices, and the two are now raising their stakes, claiming that “centralized” social networks like Facebook are not far from the world.
Who is WINKLEVOSS TWINS?
When asked about Facebook news, Tyler Winklevoss told Forbes in his profile on Monday: “The idea of centralized social networks will be gone in the next five to ten years. Existence.”
The 39-year-old twins are called “Winklevii” and their portfolio is filled with startups that try to diversify services dominated by tech giants such as Facebook, Microsoft, and Google, and The decentralization of the digital art platform at the center of the recent NFT boom.Forbes
According to reports, the twins entered the world after winning a $65 million settlement in a legal battle with Zuckerberg ten years ago. Zuckerberg was accused of stealing their idea of building a social network.
Forbes said that after getting tips from some “early adopters” on the Mediterranean party island of Ibiza, they started buying Bitcoin in 2012. Now, it is reported that Bitcoin and the so-called blockchain technology behind it have promoted the development of a business empire that brought them more than $6 billion in total net assets last month.
One of their greatest successes is Nifty Gateway, which has driven the explosive growth of the digital market for non-fungible tokens (NFTs), which are digital assets with ownership and stored in a blockchain ledger.
According to “Forbes” reports, the platform has seen a surge in interest in “NFT” “dropping” by artists such as Beeple, who just sold tokens at Christie’s auction house for $69 million.
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Cameron Winklevoss told Forbes, “We have now made $4 million in five minutes,” and the issue price a year ago has reached $50,000.
Nifty Gateway was acquired by Winklevii’s cryptocurrency exchange Gemini in 2019. The exchange has the same name as NASA’s second space mission. They told Forbes that the twins were so focused on the subject of space exploration that they called the Gemini employees “astronauts.”