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Gemini crypto alternate sponsoring the Oxford-Cambridge boat race

03/09/2021

“We’re thrilled to be combining two of our biggest passions — rowing and crypto — with our sponsorship of this historic occasion,” mentioned the Winklevoss twins.

Tyler and Cameron Winklevoss, co-founders of the Gemini cryptocurrency alternate and former olympian rowers, will probably be sponsoring the 2021 Oxford-Cambridge Boat Race.

In an announcement from Gemini right this moment, the Winklevoss twins mentioned the crypto alternate could be the principal sponsor for this 12 months’s boat race between Oxford and Cambridge Universities — an occasion going again to 1829. As well as, Gemini will probably be funding a £75,000 bursary for “younger individuals with restricted entry to rowing.”

Each brothers rowed at Harvard College for 4 years whereas majoring in economics, later competing on the 2007 Pan American Video games and 2008 Beijing Olympics. The twins additionally participated within the 2010 Boat Race whereas finding out enterprise at Oxford.

“Rowing was our first foray into entrepreneurship, inspiring us to create the varsity rowing group at our highschool,” mentioned the Winklevoss twins. “We’re thrilled to be combining two of our biggest passions — rowing and crypto — with our sponsorship of this historic occasion.”

With a mixed value of greater than $2 billion, the twins are a few of the richest Bitcoin (BTC) billionaires, having invested $11 million into the crypto asset in 2013. The pair are reportedly contemplating taking Gemini public as studies of Coinbase shifting towards a public itemizing with an IPO flow into.