China’s First Blockchain Social Network Is The Brainchild Of A 24-Year-Old Female Entrepreneur

Ono, the first blockchain social network is trying to be the anti-Facebook

Source: China’s First Blockchain Social Network Is The Brainchild Of A 24-Year-Old Female Entrepreneur

Xu Ke speaking at a tech conference in Beijing.BEN SIN

Beijing native Xu Ke is really good with numbers. As an exchange student at the University of Riverside, California, in 2013, she developed a knack for poker, and though she was not yet 21 (the general minimum gambling age in the U.S.) at the time, the existence of online poker and lenient Southern California casino laws allowed her to play regularly and hone her skills in probability and risk assessment.

Her days in card rooms both digital and physical allowed her to meet plenty of interesting, unconventional characters, including investors in cryptocurrency, back before digital currencies hit the mainstream. She was intrigued and began mining Bitcoin. The deeper she dug into Bitcoin, the more she agreed with its philosophy of decentralization via blockchain.

Xu continued to play poker and invest in Bitcoin when she moved back to China in 2014. Whenever she’d score big at the poker table, she’d invest the money into the digital currency. At the peak of her Bitcoin days, Xu says she had over 50,000 units of the currency. She eventually cashed out 20,000 Bitcoins in 2014 at $240 per unit, which came out to around $4.8 million.

Xu playing in a high profile poker tournament in China.XU KE

Now 24, Xu realizes that she sold them too soon — 20,000 Bitcoin would be worth close to $120 million now — but she at least made good use of that two million. In 2016, after a stint creating and selling an social app, she founded Nome Lab, a Beijing-based start-up that specializes in making blockchain product and games.

https://www.forbes.com/sites/bensin/2018/08/16/chinas-first-blockchain-social-network-is-the-brainchild-of-a-24-year-old-female-poker-player/#501fb3fd6dee

One thought on “China’s First Blockchain Social Network Is The Brainchild Of A 24-Year-Old Female Entrepreneur”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s