Jed McCaleb, Cofounder of Stellar Development Foundation

Currently serving as Director of Stellar.org, Jed McCaleb is democratizing economic participation through the development of decentralized technologies. He feels that technology should be used intentionally to better the lot of people, and as a programmer, he spends his time considering how he may contribute to this goal.

He cofounded Stellar.org because he was passionate about creating inclusive, accessible tools and felt that the global finance system was dysfunctional and that too many people were left without them.

2023

By providing large machine learning models with a leasable capacity, Jed McCaleb’s organization Navigation Fund is assisting in addressing the scarcity of AI chips. On October 29, a new cloud that may be used on an hourly, monthly, or long-term basis was formally introduced.

According to a statement on its website, Voltage Park “currently offer[s] bare-metal access for large-scale users that need peak performance” and plans to grow its service by early 2024. Roughly 24,000 NVIDIA H100 GPUs—graphics processing units—are arranged in linked clusters atop it. Navigation Fund is the parent company of Voltage Park. The $500 million hardware is worth it. Washington, Virginia, and Texas will see the establishment of clusters, Voltage Park CEO Eric Park told Reuters. Park became a member of the group in July.

After converting Mt.Gox into a Bitcoin exchange and selling it in 2011, three years before to its demise, McCaleb had founded the website to trade Magic: The Gathering cards. He then went on to co-found Ripple Labs and, following a strained separation from the rest of the management of Ripple, co-founded the Stellar blockchain. In 2022, he also founded a space station firm in collaboration with Elon Musk’s SpaceX.

Latest news about Jed McCaleb

• The Stellar Foundation and Circle have launched EURC, Circle’s euro-backed digital currency, on the Stellar network. EURC is a fiat-backed stablecoin pegged 1:1 to the euro under a full-reserve model, making it the third blockchain on which it is available. The platform allows businesses and developers to send, spend, hold, and trade EURC with low-cost, near-instant transactions.
• InQubeta (QUBE), the world’s first cryptocurrency crowdfunding platform, aims to bridge the gap between AI-driven start-ups and investors. The platform, powered by InQubeta’s native digital currency, QUBE, allows investors to buy listed NFTs and draw passive income through staking. The Ethereum-built network is powered by QUBE, a deflationary token that has gained popularity among crypto analysts and security firms. Currently in its third presale stage, QUBE has gathered around $2.2 million.

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