As per the sources of CoinAdvice, four developers of blockchain startups have successfully secured their names to the list of awardees of the famous Thiel Fellowship on Friday June 22, 2018. Thiel Fellowship is an independent foundation created and funded by billionaire Peter Thiel, known as a co-founder of PayPal and early investor in Facebook with the intention of helping the young visionaries under the prolific guidance to accelerate their growth in new revolutions to come.
Vest co-founder Axel Ericsson, Polkadot co-founder Robert Habermeier, MyCrypto CTO’s Daniel Ternyak, and Mechanism Labs co-founder Aparna Krishnan are the beneficiaries of the 2018 Fellowship. They will join one of the recorded noble Thiel fellows, Vitalik Buterin, co-founder of Ethereum and 2014 award receiver. Every individual will be offered a $100,000 endowment to help them build their projects over the next two years as per fellowship rules.
“Leaving behind the safety of the classroom [college] and choosing to build a business instead isn’t easy or glamorous. But our Fellows have found what we suspect to be true more broadly: young people learn best by doing things in the real world,” said Allyson Dias, director of the Thiel Fellowship through BusinessWire, mentioning that the drive and the resolution behind this fellowship is to support young aspiring entrepreneurial minds to discover new unconventional and innovative approaches to solve real-world issues.
No doubt Thiel himself is a strong and prominent bitcoin supporter. In January his Founders Fund, a San Francisco-based venture capital firm, reportedly invested in $20 million worth of bitcoin. According to CNBC’s technology expert report, Thiel believes the critics of bitcoin are “underestimating” the cryptocurrency and called bitcoin “a reserve form of money.”