Key Takeaways
- Joey Krug’s progress from developer to co-founding Augur and his experiences in funding funding have gained him accolades.
- His function in Pantera Capital has earned him prominence, serving to the agency to spend money on high-profile DeFi startups.
- He’s estimated to be price round $10 million primarily based on the success of Augur, elevating $5.7 million in ICO.
Joey Krug is a key determine within the blockchain world recognized for his experience as a developer and entrepreneur, and for his contributions to serving to smaller crypto initiatives achieve prominence within the area.
An enormous success he has had got here with co-founding Augur, a decentralized predictive market platform within the blockchain area, and serving as an enormous affect as funding officer at Pantera Capital.
Who’s Joey Krug? Affect on Crypto Startups
Krug began out learning Pc Science, however he didn’t full his diploma. He opted for entrepreneurial ventures, the place he started his programming profession with Applesoft BASIC on an Apple II GS, which sparked a powerful curiosity in applied sciences, particularly within the blockchain.
Constructing on expertise and his basis progress, constructing classic {hardware} along with his father, he started exploring Bitcoin mining in 2011.
In 2013, Joey Krug constructed a Bitcoin point-of-sale (POS) cost system however later deserted it after studying in regards to the potential of Ethereum. This new curiosity in Ethereum led to his short-term spell working as a recreation developer with Darkish Paradise Studios, and later based MariPoS, one other POS cost system, in 2014.
Ultimately, in 2014, at 19 years of age, Krug made the large swap into the Ethereum area, co-founding Augur, a decentralized predictive market platform on the Ethereum community. In 2015, Augur launched its Preliminary Coin Providing (ICO), elevating $5.7 million, permitting customers to wager on real-world occasions utilizing blockchain expertise.
Augur’s success in hitting over $150 million market valuation in 2021 gained him robust recognition within the DeFi area through the years, and he contributed to different crypto startups.
Between 2017 and 2023, Joey Krug joined Pantera Capital, a blockchain funding agency, as Co-chief funding officer. With over $442 million at his disposal, he led investments in high-profile initiatives reminiscent of Arbitrum, Alchemy, Polkadot, Circle, Amber, Ondo, Wintermute, and M^0.
His contribution in solidifying Pantera Capital within the funding business has led to Krug gaining extra alternatives to work with Founders Fund as a Accomplice, a enterprise capital agency based by Peter Thiel, and in addition gaining affect as an Angel investor within the area.
Present Crypto Involvement
Supply – Joey Krug on Founders Fund
Krug has additionally co-founded Eco, a platform designed for spending, saving, and sending cash utilizing blockchain applied sciences. He serves in advisory roles, demonstrating his wealth of expertise within the blockchain area.
He additionally continues to contribute to the expansion of Founders Fund, sharing his perception and plans for the platform on his X account.
Rune Christensen’s Web Price in 2025
Joey Krug is estimated to have a internet price of $10 million following his involvement within the following:
- Augur ICO and crypto holdings
- Pantera Capital
- Eco platform
- Angel Investments
- Founders Fund Function
Conclusion
Krug’s profession displays his experience in improvement, funding in DeFi startups, and decentralized cost techniques. Though his internet price is speculative, he stays a major determine within the blockchain area, contributing to the expansion of DeFi.
FAQs
Joey Krug’s internet price in 2025
Krug is estimated to be price round $10 million, contemplating his involvement in funding fundings, Augur ICO, and progress.
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Rune Christensen Web Price in 2025 – Co-founder of MakerDAO