From Disney to Crypto; Brock Pierce Has His Roots Everywhere

The Disney actor ended his acting career in 1997.
He became successful as an entrepreneur in the gaming and crypto sectors.

Crypto community has grown to an extent where it has attracted a lot of famed names across the globe. Snoop Dogg has a SnoopVerse in the metaverse game, The Sandbox. Samsung opened its flagship 837X store on Decentraland last year. A lot of people might be unaware of the fact that a former actor who has acted in Disney movie The Mighty Ducks 2, Brock Pierce, has established himself as a legend in this space. The man also ran for 2020 presidential candidate.

He co-founded Tether, a stablecoin backed by crypto exchange Bitfinex, alongside Craig Sellars and Reeve Collins in 2014. Forbes named the former actor among the top 20 wealthiest people in crypto, citing his worth to be around $700 Billion in 2018. However, he cut off his ties with Tether in 2015 but believes it is among the most important innovations of currency. He also co-founded Block(dot)one, the company behind blockchain protocol EOS(dot)IO. In 2021, he advised Salvadorian authorities regarding Bitcoin adoption.

Apart from the film and cryptocurrency sector, he was also engaged in the gaming industry. He founded Internet Gaming Entertainment (IGE), a company focused on the monetization of in-game assets. In 2010, he became one of Titan Gaming board members. Moreover, he is involved in the real estate industry while restructuring as well as restructuring the buildings in different states.

Brock started engaging in the political arena after announcing his candidacy for presidential elections. He forwarded a proposal for America 2.0, a term he used for a nation controlled by a tech embracing government. He has expressed his intentions to establish a third party in the US previously.

In January 2023, he ended his Vermont campaign for US Senate according to Federal Election Commission (FEC) filing. According to another filing he “forgave $1.2 Million debt the campaign committee owed to him.”

From acting to crypto Brock Pierce’s hard work has paid him off extensively considering his extensive wealth. Crypto industry had a hard time coping up last year as a majority of virtual currencies received a financial blow. It all started with the collapse of Do Kwon backed TerraUSD and then FTX later in the same year.

Stablecoins are a secure option to safeguard crypto holdings as they are prone to fluctuations. However, after what happened to the TerraUSD last year, people have gone skeptical. Cryptosphere being extremely volatile has led the regulators to tighten their leash on digital assets. However, individuals like Sam-Bankman Fried have previously been involved in the political scenario to loosen the leash.

Brock Pierce’ involvement in the political arena may have gone unsuccessful but it would potentially have made a difference over how virtual currencies should be regulated.

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing