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PC Gamer
PC Gamer
Rich Stanton

Tech billionaires including Palmer Luckey set up dumb new bank for those who didn't get burned enough in the 2022 crypto crash

Palmer Luckey strokes his goatee.

Palmer Luckey, the founder of Oculus and occasional Bond villain, has taken a break from getting trapped in his own car elevators to lead a collective of tech billionaires in founding a new crypto bank called Erebor.

First thing's first: this is not a bank for the likes of you and I. Erebor is all about investing in start-ups in the field of tech, AI, defence and of course crypto. Defence you say? Why yes, because Palmer is being joined in this venture by fellow Bond villain Peter Thiel's Founders Fund, as well as Joe Lonsdale, who co-founded the military/surveillance software company Palantir.

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