Today he is the founder of PolyMarket.
It's a platform that even Elon Musk follows.
Here's how Shane Coplan made it.
We learn about his plan to bring mass adoption of currencies.
● Coplan was born and raised in New York City.
● He lives with his mother as an only child.
● His passion for technology started early.
■ He started learning programming at the age of fourteen.
● Shane entered#cryptocurrenciesin 2013.
● Mining Litecoin with a homemade rig.
● At the age of 15, he discovered Ethereum and participated in the presale.
● Then he started studying computer science at New York University.
○ But he dropped out in his second semester.
● Coplan interned at Genius, helping build their singing app for Spotify.
● Later, he interned at Chronicled, an Ethereum startup.
● When ETH soared in 2017, TokenUnion was founded.
● A platform to reward users for holding cryptocurrencies.
○ During the 2020 closure
● Coplan explored prediction platforms like Augur.
● Ethereum-based marketplace launched in 2015
● Inspired, he began developing his own forecasting platform.
Polymarket.
○ The platform was launched in the same year on #Ethereum's
● Shortly after, Polymarket secured $4 million in seed funding.
Later moved to Polygon for better scalability.
○ Since then, the platform has grown.
●But not without challenges.
● In January 2022, the CFTC fined Polymarket $1.4 million for operating without proper registration.
● Although they agreed to stop US services
● 25% of users are still there.
● In 2024, Polymarket broke records.
● The US election, with a large cryptocurrency
● The platform is now mainstream, especially on Twitter.
● Even Elon Musk posted about it.
○ Question?
● How will Polymarket maintain its trading volume after November 2024?
● Koplan and his team remain confident.
● Polymarket's latest $70 million raise
◇With investors like Vitalik Buterin
