Ten of the youthful business leaders featured in this year’s Forbes ’30 Under 30 list work in blockchain and cryptocurrency, highlighting the industry’s increasing acceptance by the mainstream media.
Despite its name, the list In fact, highlights 600 young people in different categories – with the crypto alumni, including seven individuals in the financial category, one in venture capital, one in energy and one in manufacturing.
The financial category includes founder of the $ 1.2 billion crypto derivatives exchange FTX and quantitative trading firm Alameda Research, Sam Bankman-Fried. Since its launch last year, FTX has created a furore by offering innovative products including election prediction markets, Bitcoin’s hash rate and for futures contracts for oil, which brought in $ 30 million in profit for the exchange this year.
Brain Tubergen, co-founder of the US-based initial token offering and exchange platform CoinList, also scores. Since its launch in 2017, CoinList has facilitated more than $ 800 million in fundraising for many crypto projects, supported by the industry’s heavyweights, including a16z, Sequoia Capital, and Bain Capital Ventures.
Nearly a third of the cited crypto leaders are women, indicating a decreasing, but still significant, gender gap in an industry notorious for low female participation. Forbes is celebrating Amiti Uttarwar, Bitcoin’s first female core protocol engineer, alongside Flori Marquez, founder of crypto lending platform BlockFi, and founding partner of Volt Capital, Soona Amhaz – which is part of the venture capital category.
Including Amhaz, three of the list’s crypto alumni represent venture capital firms, 21-year-old Paradigm Capital investment partner, Charlie Noyes, and Pantera Capital co-CIO / Augur co-founder Joseph Krug.
Layer1 Technologies co-founder Alexander Liegl is the only representative of the crypto mining industry list, with Liegl’s company setting out an ambitious plan to 30% of the global hashing power to the United States in the longer term. Liegl falls into the energy category.
The CEO of Bitcoin payment company Zap, Jack Mallers, also features in the financial category.
For its latest entry, Forbes includes all three co-founders of the blockchain-powered supply chain data platform Authenticiti – Andrew Yang, Yeong Woo Park and Athanasios Karachotzitis, under the manufacturing category.
Crypto’s strong showing in the financial category is likely due to the judges’ ties to the industry: they include Mike Novogratz, founder of Galaxy Digital and Bitcoin bull, along with Cathie Wood, founder of Ark Investment Management , which runs a digital asset fund.
Forbes has highlighted the past achievements of the young crypto leaders, with its 2017 30 under 30 Asia list featuring Tron founder, Justin Sun, and its 2018 list including Melonport and Agora Trade’s Reto Trinkler.
The following year saw the number of crypto entrepreneurs celebrated by Forbes increase, with Bitwise CEO Hunter Horsley, Bail Bloc’s JB Rubinovitz and Lightning Labs’ Olaoluwa Osuntokun, and Nader Al-Naji off the now-defunct Basic Protocol. .