Four of this year’s 20 Thiel Fellows are blockchain entrepreneurs.
The program, which launched in 2011 and is sponsored by PayPal co-founder Peter Thiel, encourages young people to start companies instead of attending college. Each fellow receives $100,000 and mentoring from technology pros.
Among the winners was Aparna Krishnan, co-founder and CEO of Mechanism Labs, which is working on incentive design and alternative consensus in cryptoeconomics.
Another winner, Axel Ericsson, co-founder of Vest, is building software that enables users to earn interest on their cryptocurrencies.
Daniel Ternyak, CTO of MyCrypto, also won a fellowship. His company is working on “bringing accessibility” to Ethereum and other blockchains.
And winner Robert Habermeier, Polkadot co-founder, is looking to “reshape the existing internet structure into a completely decentralized web.”
To date, companies created by Thiel fellows are worth more than $3 billion combined, the release said, not including Vitalik Buterin-created Ethereum, whose cryptocurrency ether (ETH) had a market cap of about $50 billion as of June 22. Read more here.