{"id":506368,"date":"2022-10-15T08:12:42","date_gmt":"2022-10-15T08:12:42","guid":{"rendered":"https:\/\/wncen.com\/?p=506368"},"modified":"2024-06-11T14:27:32","modified_gmt":"2024-06-11T14:27:32","slug":"brian-armstrong-will-sell-2-of-his-coinbase-holdings-to-fund-scientific-research","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/brian-armstrong-will-sell-2-of-his-coinbase-holdings-to-fund-scientific-research\/","title":{"rendered":"Brian Armstrong Will Sell 2% Of His Coinbase Holdings To Fund Scientific Research"},"content":{"rendered":"<p><span style=\"font-weight: 400\">It\u2019s time for Brian Armstrong to make his move. While other billionaire CEOs try to buy bankrupt crypto companies on the cheap, the Coinbase leader is focusing his sights on hard science. To announce his new endeavors Brian Armstrong visited Tim Ferriss\u2019 podcast. In that interview, he expanded on the deep topics that the companies he\u2019ll fund deal with. Make no mistake, though. The real announcement was that Brian Armstrong is selling Coinbase stock.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">I\u2019m sharing this as I want you to hear it from me first.<\/p>\n<p>&mdash; Brian Armstrong (@brian_armstrong) <a href=\"https:\/\/twitter.com\/brian_armstrong\/status\/86043393?ref_src=twsrc%5Etfw\" rel=\"nofollow\">October 15, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">In a recent Twitter thread, the Coinbase CEO wrote, \u201cI&#8217;m passionate about accelerating science and tech to help solve some of the biggest challenges in the world. To further this, I&#8217;m planning to sell about 2% of my Coinbase holdings over the next year to fund scientific research and companies like NewLimit + ResearchHub.\u201d What are those companies and what do they do? Keep reading to find out.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/brian-armstrong-says-crypto-can-beat-inflation-what-does-the-chart-suggest\/\"> Brian Armstrong Says Crypto Can Beat Inflation, What Does The Chart Suggest?<\/a><\/div>\n<p><span style=\"font-weight: 400\">Considering the alarming amount of crypto CEOs leaving their positions, it\u2019s important that Brian Armstrong cleared this up. \u201cFor the avoidance of doubt, I intend to be CEO of Coinbase for a very long time and I remain super bullish on crypto and Coinbase. I\u2019m fully dedicated to growing our business and advancing our mission, but I am also excited to contribute in a different way,\u201d he tweeted.<\/span><\/p>\n<p><span style=\"font-weight: 400\">What are the ideas that excite Brian Armstrong this much? Let\u2019s find out.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Brian Armstrong \u2019s ResearchHub And NewLimit<\/span><\/h2>\n<p><span style=\"font-weight: 400\">So, Brian Armstrong will \u201cfund scientific research and companies like NewLimit + ResearchHub.\u201d What do those companies stand for, though? Well, <\/span><a href=\"https:\/\/www.researchhub.com\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">ResearchHub<\/span><\/a><span style=\"font-weight: 400\"> is \u201ca\u00a0 tool for the open publication and discussion of scientific research. Researchhub\u2019s users are rewarded with ResearchCoin (RSC) for publishing, reviewing, criticizing, and collaborating in the open.\u201d Interesting, an open scientific think tank with a cryptocurrency component.<\/span><\/p>\n<p><span style=\"font-weight: 400\">For its part, ResearchCoin is both a utility token and a governance token. \u201cRSC gives users the ability to create bounties, tip other users, and gain voting rights within community decision making.\u201d This is <\/span><a href=\"https:\/\/twitter.com\/ResearchHub\" rel=\"nofollow\"><span style=\"font-weight: 400\">the project&#8217;s Twitter account<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">On the other hand, <\/span><a href=\"https:\/\/www.newlimit.com\/about\" rel=\"nofollow\"><span style=\"font-weight: 400\">NewLimit is<\/span><\/a><span style=\"font-weight: 400\"> \u201ctreating age-related disease to extend human healthspan\u201d and \u201cdeveloping epigenetic reprogramming medicines to treat diseases with large unmet needs.\u201d This is <\/span><a href=\"https:\/\/twitter.com\/newlimit\" rel=\"nofollow\"><span style=\"font-weight: 400\">their Twitter account<\/span><\/a><span style=\"font-weight: 400\">. This one is in the life extension business, but the specifics are harder to grasp. Luckily, NewLimit offers <\/span><a href=\"https:\/\/www.newlimit.com\/blog\/announcing-newlimit-a-company-built-to-extend-human-healthspan\" rel=\"nofollow\"><span style=\"font-weight: 400\">a blog post<\/span><\/a><span style=\"font-weight: 400\"> authored by Brian Armstrong himself in which he goes deep into the topic at hand:<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400\">\u201cNewLimit will start by deeply interrogating epigenetic drivers of aging and developing products that can regenerate tissues to treat specific patient populations. We will start by using primary human cells and reference species to develop machine learning models on what chromatin features change with age, which of these changes may be causal to the aging process, and finally develop therapies that could slow, halt, or reverse this process.\u201d<\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">In that same blog post, we learn that the company was \u201cco-founded by Brian Armstrong and Blake Byers with the mission of extending human healthspan.\u201d And thus, we figure out that Coinbase CEO is the money behind both companies.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-506371 aligncenter\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/COINUSDT_2022-10-15_04-49-51.png?resize=460%2C256\" alt=\"COINUSDT price chart - TradingView\" width=\"460\" height=\"256\"><\/p>\n<pre style=\"text-align: center\">The relationship between COIN and USDT on Bittrex | Source: COIN\/USDT on <a href=\"https:\/\/www.tradingview.com\/symbols\/COINUSDT\/\" rel=\"nofollow\">TradingView.com<\/a><\/pre>\n<h2><span style=\"font-weight: 400\">The Tim Ferriss Interview<\/span><\/h2>\n<p><span style=\"font-weight: 400\">To launch his new endeavors in the right way, Brian Armstrong went to <\/span><a href=\"https:\/\/tim.blog\/2022\/10\/07\/brian-armstrong\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">the popular Tim Ferriss podcast<\/span><\/a><span style=\"font-weight: 400\">. In it, he presented the reasoning behind his investments. \u201cI think we\u2019re kind of in this golden age of software where fortunes are being made. But some of that wealth, even in crypto, is now being directed into hard science, hard science problems, atoms, not bits,\u201d he said.<\/span><\/p>\n<div class=\"jeg_video_container jeg_video_content\"><\/iframe><\/div>\n<p><span style=\"font-weight: 400\">As to what the company actually does, Armstrong explained that they\u2019re trying to \u201cbuild a platform that tests a lot of different transcription factors with different cell types and uses machine learning to do that in a virtuous cycle.\u201d He also explained the entrepreneurial spirit behind the whole ordeal.<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400\">\u201cWe\u2019re trying to help humans live much longer, not just a little bit longer. But I think in any good moonshot company, you want to have intermediate milestones along the way. And so the intermediate milestones are more like, could we get a specific type of cell to be rejuvenated and be younger?\u201d<\/span><\/p><\/blockquote>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Thanks to <a href=\"https:\/\/twitter.com\/tferris?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@tferris<\/a> who I recently spoke with about these interests: <a href=\"https:\/\/t.co\/0EUdzICfVV\" rel=\"nofollow\">https:\/\/t.co\/0EUdzICfVV<\/a><\/p>\n<p>&mdash; Brian Armstrong (@brian_armstrong) <a href=\"https:\/\/twitter.com\/brian_armstrong\/status\/89993984?ref_src=twsrc%5Etfw\" rel=\"nofollow\">October 15, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">About ResearchHub, the Coinbase CEO confirmed that it is \u201canother company that I funded and tried to help get off the ground.\u201d What does this one do?\u00a0<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400\">\u201cWe\u2019re trying to make it easy for people to sort through all of the millions of papers that are published every year to what are the most impactful. We\u2019re trying to help get things like peer review, Q&amp;A, comments, feedback around research to be more collaborative with people.\u201d<\/span><\/p><\/blockquote>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/how-brian-armstrong-ceo-of-coinbase-became-a-crypto-billionaire\/\">How Brian Armstrong, CEO of Coinbase, Became a Crypto Billionaire<\/a><\/div>\n<p><span style=\"font-weight: 400\">And those are the ideas that Brian Armstrong will dedicate the next part of his life to. While at the same time serving as Coinbase\u2019s CEO, of course.<\/span><\/p>\n<pre style=\"text-align: center\">Featured Image: Screenshot <a href=\"https:\/\/youtu.be\/PvoUW7LRsew\" rel=\"nofollow\">from this video<\/a> | Charts by <a href=\"https:\/\/www.tradingview.com\/\" rel=\"nofollow\">TradingView<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s time for Brian Armstrong to make his move. While other billionaire CEOs try to buy bankrupt crypto companies on the cheap, the Coinbase leader is focusing his sights on hard science. To announce his new endeavors Brian Armstrong visited Tim Ferriss\u2019 podcast. In that interview, he expanded on the deep topics that the companies he\u2019ll fund deal with. Make no mistake, though. The real announcement was that Brian Armstrong is selling Coinbase stock. I\u2019m sharing this as I want you to hear it from me first. &mdash; Brian Armstrong (@brian_armstrong) October 15, 2022 In a recent Twitter thread, the Coinbase CEO wrote, \u201cI&#8217;m passionate about accelerating science and tech to help solve some of the biggest challenges in the world. To further this, I&#8217;m planning to sell about 2% of my Coinbase holdings over the next year to fund scientific research and companies like NewLimit + ResearchHub.\u201d What are those companies and what do they do? Keep reading to find out. Related Reading: Brian Armstrong Says Crypto Can Beat Inflation, What Does The Chart Suggest? Considering the alarming amount of crypto CEOs leaving their positions, it\u2019s important that Brian Armstrong cleared this up. \u201cFor the avoidance of doubt, I intend to be CEO of Coinbase for a very long time and I remain super bullish on crypto and Coinbase. I\u2019m fully dedicated to growing our business and advancing our mission, but I am also excited to contribute in a different way,\u201d he tweeted. What are the ideas that excite Brian Armstrong this much? Let\u2019s find out. Brian Armstrong \u2019s ResearchHub And NewLimit So, Brian Armstrong will \u201cfund scientific research and companies like NewLimit + ResearchHub.\u201d What do those companies stand for, though? Well, ResearchHub is \u201ca\u00a0 tool for the open publication and discussion of scientific research. Researchhub\u2019s users are rewarded with ResearchCoin (RSC) for publishing, reviewing, criticizing, and collaborating in the open.\u201d Interesting, an open scientific think tank with a cryptocurrency component. For its part, ResearchCoin is both a utility token and a governance token. \u201cRSC gives users the ability to create bounties, tip other users, and gain voting rights within community decision making.\u201d This is the project&#8217;s Twitter account. On the other hand, NewLimit is \u201ctreating age-related disease to extend human healthspan\u201d and \u201cdeveloping epigenetic reprogramming medicines to treat diseases with large unmet needs.\u201d This is their Twitter account. This one is in the life extension business, but the specifics are harder to grasp. Luckily, NewLimit offers a blog post authored by Brian Armstrong himself in which he goes deep into the topic at hand: \u201cNewLimit will start by deeply interrogating epigenetic drivers of aging and developing products that can regenerate tissues to treat specific patient populations. We will start by using primary human cells and reference species to develop machine learning models on what chromatin features change with age, which of these changes may be causal to the aging process, and finally develop therapies that could slow, halt, or reverse this process.\u201d In that same blog post, we learn that the company was \u201cco-founded by Brian Armstrong and Blake Byers with the mission of extending human healthspan.\u201d And thus, we figure out that Coinbase CEO is the money behind both companies. The relationship between COIN and USDT on Bittrex | Source: COIN\/USDT on TradingView.com The Tim Ferriss Interview To launch his new endeavors in the right way, Brian Armstrong went to the popular Tim Ferriss podcast. In it, he presented the reasoning behind his investments. \u201cI think we\u2019re kind of in this golden age of software where fortunes are being made. But some of that wealth, even in crypto, is now being directed into hard science, hard science problems, atoms, not bits,\u201d he said. As to what the company actually does, Armstrong explained that they\u2019re trying to \u201cbuild a platform that tests a lot of different transcription factors with different cell types and uses machine learning to do that in a virtuous cycle.\u201d He also explained the entrepreneurial spirit behind the whole ordeal. \u201cWe\u2019re trying to help humans live much longer, not just a little bit longer. But I think in any good moonshot company, you want to have intermediate milestones along the way. And so the intermediate milestones are more like, could we get a specific type of cell to be rejuvenated and be younger?\u201d Thanks to @tferris who I recently spoke with about these interests: https:\/\/t.co\/0EUdzICfVV &mdash; Brian Armstrong (@brian_armstrong) October 15, 2022 About ResearchHub, the Coinbase CEO confirmed that it is \u201canother company that I funded and tried to help get off the ground.\u201d What does this one do?\u00a0 \u201cWe\u2019re trying to make it easy for people to sort through all of the millions of papers that are published every year to what are the most impactful. We\u2019re trying to help get things like peer review, Q&amp;A, comments, feedback around research to be more collaborative with people.\u201d Related Reading: How Brian Armstrong, CEO of Coinbase, Became a Crypto Billionaire And those are the ideas that Brian Armstrong will dedicate the next part of his life to. While at the same time serving as Coinbase\u2019s CEO, of course. Featured Image: Screenshot from this video | Charts by TradingView<\/p>\n","protected":false},"author":539,"featured_media":506369,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83386,3,12262],"tags":[87209,5888,87214,87213,1393,87206,87205,87210,87211,84989,87212,87208,87207],"class_list":["post-506368","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","category-news","category-interview","tag-blake-byers","tag-brian-armstrong","tag-brian-armstrong-and-tim-ferriss","tag-brian-armstrong-selling-coinbase-stock","tag-coinbase","tag-coinbase-ceo","tag-coinusdt","tag-newlimit","tag-researchcoin","tag-researchhub","tag-rsc","tag-tim-ferriss","tag-tim-ferriss-podcast"],"acf":[],"yoast_head":"\n<title>Brian Armstrong Will Sell 2% Of His Coinbase Holdings To Fund Scientific Research<\/title>\n<meta name=\"description\" content=\"It\u2019s time for Brian Armstrong to make his move. 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