Ben Delo, billionaire co-founder of crypto derivatives exchange BitMEX, has pledged to donate the majority of his wealth to global challenges.
The 35-year old co-founder of one of the biggest Bitcoin derivatives platform in the world, has pledged to give most of his wealth to the charity, hoping to provide the funding to catastrophes such as nuclear wars and extreme climate crises. It also funds the ever-growing threats from emerging tech such as “engineered pandemics and advanced AI”, according to CoinDesk.
In a note on the charity’s website, Delo stated a series of concerns:
“Nuclear security cannot be taken for granted. The prospect of extreme climate change is real. Looking forward, advanced technologies such as artificial intelligence and synthetic biology will pose new and complex challenges.”
He explained his choice of focus, saying in summary the he believed that “all lives are valuable, including those of future generations”. He spoke of a “vast and extraordinary future”that lay ahead should humankind be able to “navigate the challenges and opportunities posed by new technologies in the upcoming century”.
The BitMEX billionaire isn’t the first of the wealthy crypto-sphere to join the ultra rich in donating to The Giving Pledge. Last year, Brian Armstrong from Coinbase also backed the funding for education and other causes.
The charity has described itself as “an effort to help address society’s most pressing problems by inviting the world’s wealthiest individuals and families to commit more than half of their wealth to philanthropy or charitable causes either during their lifetime or in their will”.
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