Tron Founder Justin Sun on the Emerging Trends, Challenges, and Opportunities Shaping Crypto
Tron Founder Justin Sun spoke to Blockhead about the emerging trends, challenges, and opportunities that will shape the crypto industry in the decade ahead.
Sun is one of the most high-profile personalities and an acknowledged pioneer in the crypto industry. Some might remember him for delaying a lunch meeting with Warren Buffet and purchasing an NFT rock for more than half a million dollars and describing it as “just like Picasso.”
He’s also known for sinking US$10 million into GameStop stock during its infamous short squeeze, and lost out on a US$69 million NFT at a Christie’s auction.
In 2017, he founded Tron, which describes itself as an “ambitious project dedicated to building the infrastructure for a truly decentralized Internet.”
As of October 2022, Tron has a market cap of US$5.8 billion, over US$3.9 billion in total transactions, and nearly US$13 billion in total value locked (TVL). The network also hosts the largest circulating supply of USDT stablecoin, and recently launched its own over-collatralized stablecoin, USDD, which is backed by the industry’s first ever crypto reserve – the TRON DAO reserve.
Sun is also the Permanent Representative of Grenada to the WTO.