Billionaire Palmer Luckey is dipping his toe into the financial sector with a banking venture focused on helping tech entrepreneurs.
The company is known as Erebor, yet another entry in Luckey’s portfolio that follows the Thiel-world pattern of referencing lore from the tales of J.R.R. Tolkien. Just as Anduril is a reference to a character’s sword, and Palantir to a magical seeing stone, Erebor refers to the mountain in “The Hobbit” where the dragon Smaug hoards his gold away from would-be slayers and thieves.
While the moniker is not final, according to the New York Post, the venture is serious in its ability to reshape banking forever.
Deliberate federal interference in the nascent crypto banking market provoked the very crisis the feds purported to solve.
Luckey is partnering with
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