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Tyler and Cameron Winklevoss fought a famous legal battle against Mark Zuckerberg over the early days of Facebook. Now they are predicting the demise of the social network.
The Harvard-educated twins – who were portrayed by Armie Hammer as losers in the 2010 film “The Social Network” – have since become billionaires thanks to their daring investments in Bitcoin and other controversial cryptocurrencies.
Emboldened by soaring digital silver prices as big companies from Tesla to Goldman Sachs embrace it, the pair are now raising the bar, saying “centralized” social networks like Facebook are not long for this world.
WHO ARE THE WINKLEVOSS TWINS?
“The idea of a centralized social network just won’t exist in five or ten years,” Tyler Winklevoss told Forbes in a profile Monday, when asked on Facebook. “There is a membrane or a gulf between the old world and this new crypto-native universe. And we’re the channel that helps people move from offline to online. “
The 39-year-old twins known as ‘Winklevii’ have filled their portfolio with startups trying to decentralize services dominated by tech titans like Facebook, Microsoft and Google alongside a digital art platform which is at the center of the recent NFT craze, according to Forbes.
Tyler and Cameron Winklevoss fought a famous legal battle against Mark Zuckerberg over the early days of Facebook. Now they are predicting the demise of the social network. (Getty Images)
The twins are said to have entered this universe almost ten years ago after winning a $ 65 million settlement in their legal battle with Zuckerberg, whom they accused of stealing their social media idea.
They started buying bitcoin in 2012 after receiving advice from some “early adopters” on the Mediterranean island of Ibiza, according to Forbes. Now Bitcoin and the so-called blockchain technology behind it are fueling a business empire that gave them a combined net worth of over $ 6 billion last month, the outlet reports.
One of their biggest successes is Nifty Gateway, which has helped fuel the boom in the market for non-fungible tokens, or NFTs, digital assets whose ownership is stored on a blockchain ledger.
The platform has seen an explosion of interest in its NFT “drops” from artists such as Beeple, which just sold a token to auction house Christie’s for $ 69 million, according to Forbes.
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“We’re making $ 4 million in five minutes now” for releases that would have grossed $ 50,000 a year ago, Cameron Winklevoss told Forbes.
Nifty Gateway was purchased in 2019 by Gemini, the Winklevii cryptocurrency exchange that shares its name with NASA’s second space mission. The twins are so devoted to the theme of space exploration that they call Gemini employees “astronauts,” they told Forbes.
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