Who Are The Winklevoss Twins?
The Winklevoss twins, also known as Cameron Winklevoss and Tyler Winklevoss, are American entrepreneurs. The Winklevoss twins worked with Mark Zuckerberg on a project they developed at Harvard University to create Facebook. According to the agreement they made with Zuckerberg, the twins expected him to provide software code and other features for the social networking project they developed.
However, the Winklevoss twins claimed that Zuckerberg stole their idea and used it to create his own project, Facebook. In the lawsuit they filed against Zuckerberg, the twins claimed that this action created unfair competition and caused financial damage.
In the end, the legal battle resulted in the Winklevoss twins receiving 1.2% of Facebook’s founding shares and $65 million in compensation.
When Was Gemini Exchange Founded?
Gemini exchange is a cryptocurrency exchange founded by the Winklevoss twins. The exchange began operating in 2015 and enables the buying and selling of cryptocurrencies such as Bitcoin, Ethereum, and others.
The Winklevoss Twins Have Agreed to Lend $100M to the Gemini Exchange
It is believed that the legal battle between the Winklevoss twins and Facebook founder Mark Zuckerberg contributed to their importance in the entrepreneurial and financial world.