Winklevoss Twins Double Down on Zcash — Hire ZEC Founder Zooko Wilcox as Advisor

Key Takeaways

• Cypherpunk is simply a ZEC treasury institution launched by Tyler and Cameron Winklevoss successful November,

• The institution has hired Zcash laminitis Zooko Wilcox arsenic an advisor.

• The Winklevoss twins person been progressive with Zcash for years.

After launching a Zcash treasury institution successful November, Cameron and Tyler Winklevoss person doubled down connected the privacy-focused cryptocurrency.

Funded with $50 cardinal from the Winklevoss’ concern company, Cypherpunk announced connected Tuesday, Dec. 9, that it has hired ZEC laminitis Zooko Wilcox arsenic an advisor.

Following the established integer plus treasury (DAT) playbook, successful November, Winklevoss Capital led a $58.88 cardinal backstage placement successful Leap Therapeutics, which subsequently rebranded arsenic Cypherpunk.

Almost immediately, the Nasdaq-listed institution acquired 203,775 ZEC, representing astir 1.25% of the cryptocurrency’s full supply.

“We program to proceed accumulating ZEC rapidly truthful that Cypherpunk owns astatine slightest 5% of the full ZEC supply,” Tyler Winklevoss stated astatine the time.

As laminitis of the Electric Coin Company, Wilcox helped motorboat Zcash successful 2016. Although helium stepped down arsenic CEO successful 2023, helium remains a highly influential fig wrong the ZEC community.

“As the laminitis of Zcash, Zooko intimately understands some the method foundations and the doctrine down privacy-preserving technology,” Cypherpunk Chief Investment Officer Will McEvoy said successful a statement.

Cypherpunk’s latest prosecute suggests the institution doesn’t program to ticker from the sidelines, but volition beryllium an progressive subordinate successful the Zcash ecosystem.

“We’re assembling a world-class seat of cypherpunks, cryptographers, technologists, and thinkers committed to advancing Zcash and the planetary privateness ecosystem,” McEvoy expanded.

The caller DAT play isn’t the archetypal clip the Winklevoss twins person thrown their enactment down Zcash. On the contrary, they person been softly financing the task for years.

According to Tracxn, Winklevoss Capital participated successful Electric Coin Company’s effect backing circular successful 2018.

Meanwhile, the institution archetypal listed Zcash connected its portfolio leafage arsenic aboriginal arsenic March 2019, making it 1 of the precise archetypal organization investors to endorse what was inactive considered an experimental privateness coin astatine the time.

The station Winklevoss Twins Double Down connected Zcash — Hire ZEC Founder Zooko Wilcox arsenic Advisor appeared archetypal connected ccn.com.