Justin Sun, King of Crypto and founder of Tron, is moving into politics but not exactly where one would expect. The 31-year-old billionaire has announced that he is abandoning his previous cryptocurrency projects and will instead take on a role as the Grenada government’s ambassador to the World Trade Organization (WTO). It seemed like Sun had created a new straight Twitter the account To mark the occasion, read the autobiography: “His Excellency Mr. Justin (Yuchen) Sun.”
Sun, who was born and raised in China, but He was apparently a permanent resident of Small Island Science 2019.
TThe new position does not mean that Sun is working to push cryptocurrency. Far from that actually.
“Our crypto industry has entered the stage, we really need sovereign countries, regulators and international organizations to learn about the potential and benefits of blockchain technology,” Sun Tell Bloomberg News. “That is why I think I will focus a lot of my energy, trying to push blockchain technology and cryptocurrency – the importance of all this in developing countries and developed countries as well. I will also try to promote the development of new technology in Grenada.”
Sun repeated this feeling in a series From Tweets He wrote about the importance of the cryptocurrency industry primarily in breaking the bread with international regulatory institutions. “Due recognition of the #blockchain industry by sovereign countries will be the last step towards achieving a truly decentralized financial infrastructure,” Sun said.
Sun started his tech endeavors with a Tinder-like voice app called Peiwo. This was eventually pulled from the Apple and Google app stores and shut down by the Chinese government for its porn content that “disables socialist values,” The South China Morning Post Notes. While running Tron, Sun gained notoriety for his dictatorial leadership style and lavish spending habits, with some calling him the “Chinese Trump”. according to the edge.
In 2018, his company acquired Peer-to-peer file sharing site BitTorrent for $140 million. Then Sun poured $100 million into investment About blockchain-based video games. Recently, Sun has made a name for himself Diving deep inside the Expensive The World of NFT Bidding. The sun was among the first Bidders for $60.25 million Beeple NFT earlier this year. Despite its shortcomings, this endeavor seemed to instill an appetite for more luxury Collectible spending, this time in real life. Reportedly he moved To buy an old-fashioned Pablo Picasso for about $20 million and since then spend $78.4 on the Giacometti Million Statue.
In his interview with Bloomberg, Sun said that Grenada and other Caribbean islands are attractive to crypto entrepreneurs because they are close to the United States but are free from most regulations or taxes. In fact, crypto lords have moved into the region in recent years with many countries start To accept cryptocurrencies for payments. Riding that wave, nearby Barbados this week became the first country to open The Embassy In “Metaverse”.