Life after Olympics: Apolo Ohno seeks to launch $50M blockchain platform
“This sphere is really interesting to me because of the strength it has to really transform the economy,” Ohno told FOX Business. Ohno is one of several athletes including Seattle Seahawks cornerback Richard Sherman to embrace digital currencies. They face skepticism from critics including Securities and Exchange Commission Chairman Jay Clayton.
A two-time gold medalist, Ohno teamed up with other founders to create an all-in-one cryptocurrency trading ecosystem called HybridBlock and are working on raising $50 million in an initial coin offering (ICO) to help get it off the ground. Ohno said he has already invested a “substantial amount” of money.
“We are being very unique about our investments,” he said. “We’re not accepting any U.S. money into our ICO,” he added, referring to HybridBlock’s initial coin offering. Ohno said he became an early investor in digital currencies including bitcoin and ethereum shortly after he announced his retirement.
This article was originally published on foxbusiness.com
Further reading: HybridBlock ICO Review – Cryptocurrency Trading System