Brock Pierce is a blockchain billionaire, one of the people who got into cryptocurrency when Bitcoin was in its infancy. He has worked in the entertainment industry as a child, but his interest was always in business.
Brock Pierce was born on November 14, 1980 in Minnesota, USA. His father was a builder and mother was a professional disco dancer. His grandfather was one of the biggest developers in the state who was bankrupt during the Eighties Mortgage crisis and because of this his father never took risk in his career. But, Brock always had business in his blood even as a child and was always organizing lemonade stands with the neighborhood children.
Brock is married to CEO of Sensay, Crystal Rose in 2016. Their marriage was not like any ordinary marriage ceremony, they got married through a blockchain-based marriage contract which can easily be dissolved, renewed or altered annually.
Brock worked as a child, he was in the entertainment industry. He did commercials as a toddler. He has worked in Disney movies like The Mighty Ducks, D2: The Mighty Ducks, First Kid and a few others. He acted from 1992 to 1997.
4.Digital Entertainment Network
Brock stopped acting at the age of 17 and joined Marc Collins Rector and Chad Schackley as a minor partner to start Digital Entertainment Network (DEN) in 1998, which raised $88 million in venture capital. DEN attracted Ford, Microsoft and Pepsi, Cola as program sponsors according to its pre-IPO statements.
Brock produced one pilot show for Chad’s World. At 18 years of age, he was making $250,000 a year and was holding 1% of the company’s shares. DEN did not make any profit so within three years, its venture capital was exhausted and so it collapsed. DEN was liquidated in 2000.
5.Sexual abuse allegations
In 2000, Brock along with his two partners was accused of sexual improprieties with many child actors, they alleged them of providing them with drugs and pressuring them for sex when they were just minors. They fled and were arrested in Spain in 2002.
The two older business partners were charged for criminal activity and the three of them were subject to at least one civil suit alleging sexual harassment and court record shows that Brock paid more than $21,000 to settle one of the lawsuits, while the other two were dropped.
Brock denied these allegations and wrote a letter in which he wrote, “Despite a full investigation by the U.S. Attorney’s office, the FBI and the State of California into the allegations, I was never charged with anything whatsoever by anyone and was cleared of any wrongdoing.”
6.Digital Currency marketplace for games
Brock took up real money trading (RMT) of virtual gear farmed while playing EverQuest, and this was when he was introduced to the world of internet currencies. When he was hiding in Spain, he became an expert at playing EverQuest.
Brock established Internet Gaming Entertainment (IGE) in 2001, using his own funds. It became the pioneer of digital currency in online games. Its revenues exceeded $100 million in 2006 and it was sold in 2007.
Brock founded IMI Exchange, the world’s leading digital currency marketplace for games, with annual sales exceeding $1Billion. It was sold in 2016 for more than $100Million.
He even founded ZAM, which is among the largest media properties for gamers in the world. In 2012 it was sold to Tencent.
Brock joined Bart and Bradford Stephens in founding venture capital firm Blockchain Capital (BCC) in 2013. It was the first venture fund which invested solely in Blockchain technology companies. BCC raised $85 million in two venture funds by October 2017. In February 2017, Brock announced a $50 million Initial Coin Offering, which created the first security token. It was the biggest ICO in 2017 and attracted $700 million. Blockchain Capital has made more than 100 investments. It was also named the most active FinTech Venture Fund by Pitchbook.
Blockchain Foundation was established in 2012 by entrepreneurs and developers as a trade association to help create awareness and understanding of bitcoin among everyone globally.
In May 2014, Brock was elected Director of the Bitcoin Foundation, and his election to the board was very controversial. It caused a number of members of the Bitcoin Foundation to resign, due to his involvement surrounding the controversy over his association with allegations of sex abuse 15 years before. The organization announced its insolvency in July 2015.
Block.one was created in 2017 and Brock was the co-founder. He was also the head, minority partner and advisor of Block.one.
In June 2017, a currency named EOS was launched and Marketed through Block.one. Block.one sold over $4billion tokens in the EOS crowdsale.
In March 2018, Brock was the chief strategy officer of Block.one and that month he resigned from the company after he was mocked by the comedian John Oliver.
10.Pierce bought $1.3 Million Mansion with Bitcoin
The first ever crypto-backed mortgage in real estate was made by Brock when he used bitcoin as collateral to purchase a $1.3 million mansion in Amsterdam. The purchase was facilitated by swiss cryptocurrency startup Nexo. Nexo is a crypto wallet that lets you borrow up to $2 million in 45 different fiat currencies within 24 hours.
Brock outlook on life changed by his visits to Burning Man, which is an annual in the Nevada desert in which participants are set free from the conventions of normal society. They are guided by the philosophy of radical self-expression, sharing and self-reliance.
12.Forbes and Net worth
Brock was listed number nine on Forbes first ever list of Cryptocurrency’s Wealthiest People with his net worth estimated around $1 billion which he pledged to give away to charity. He holds more than 95 percent of his net worth in cryptocurrencies.
Brock is a frequent lecturer at Singularity University and has also spoken at the Milken Global Conference, Wired, INK, Stanford University, USC, Mobile World Congress, and UCLA.
He has been featured in a number of publications including The New York Times, Forbes, Fortune, Wired, and Rolling Stone.
His philanthropy focuses on the American Civil Liberties Union (ACLU), the Foundation for Individual Rights in Education, the Center for Individual Rights, and the Brennan Center for Human Rights.
Brock left Block.one to launch EOS Alliance, which is a non-profit community formed with the great music celebrity AKON and some other EOS investors to focus on governance issues for the delegated proof of stake network.
15.Road to recovering Puerto Rico
In 2018, the Hurricane Maria devastated the island of Puerto Rico. Brock moved there. He and his friends live in a Monastery there. They are trying to build a city in Puerto Rico called Sol. In March 2018, he started the Restart Foundation to help with the recovery efforts. He donated to the University of Puerto Rico, to help them in rebuilding their library and expand their maker studios.