- Sam Bankman-Fried has been named one of TIME Magazine’s 100 most influential people of 2022.
- Bankman-Fried is believed to be the modern pioneer of cryptocurrency.
- He believes that crypto will definitely help democratize financial markets, reduce poverty, and fight corruption.
The prestigious TIME Magazine unveiled its annual list of the 100 Most Influential People of 2022, divided into six categories — Icons, Pioneers, Titans, Artists, Leaders, and Innovators. Amongst the most notable personalities on the list featured the CEO of cryptocurrency exchange FTX, Sam Bankman-Fried.
Aside from being one of the richest people in crypto, Bankman-Fried is believed to be the modern pioneer of cryptocurrency. He remains to be instrumental in bridging the gap between the crypto market and investors.
SBF told TIME that he is interested in donating 99% of his earnings to philanthropic causes, “earning to give” as he always calls it, as he truly believes in doing good to the human community.
Sam Bankman-Fried launched his own exchange, FTX, in 2019. Built “by traders, for traders”, it is one of the leading exchanges for buying and selling crypto derivatives. In 2021, FTX was valued at $18 billion, helping him become the richest person in history under 30. The success of FTX has catapulted him to fame and a wealth of approximately $40 billion.
Over the past three years, FTX’s exponential growth has made a bigger impact on cryptocurrency’s ascent in mainstream culture.
Firstly, FTX launched its own NFT marketplace which supports both ETH and SOL NFTs, where users may display, buy, sell, and mint their own NFTs without acquiring gas fees. And just last March, FTX bought Good Luck Games in the quest to convince gamers to love NFTs and blockchain, as he also wanted to prioritize great games by integrating NFT.
Sam Bankman-Fried envisioned optimism in a crypto world filled with negativity, scams, and crimes, contributing to humanity. He believes that crypto will definitely help democratize financial markets, reduce poverty, and fight corruption.