Jeremy Jordan-Jones

Jeremy Jordan-Jones is an American entrepreneur and musician. He is the founder of Amalgam and Amalgamated Media. Jordan-Jones is widely considered a thought leader and innovator in the financial technology, business development and music technology industries..

Early life

Jordan-Jones was born in Boston, Massachusetts. When he was 3 years old, his parents divorced and his mother moved he and his sister to live with extended family in Scarsdale, an affluent suburb in Westchester County, New York. He graduated from Scarsdale High School in 2010. After graduating, he took a gap year to focus on his burgeoning music career.

After his gap year, he went on to study at Berklee College of Music in Boston. After finishing his first year, he founded Amalgamated Media. He left Berklee shortly thereafter and enrolled at Harvard University through a cross-matriculation between Harvard Extension School and Harvard College to pursue a dual concentration in Economics and Biochemistry. During his time at Harvard, he served as the Chief Marketing Officer of a startup called dpicd. The company was a finalist in the 2012 MassChallenge competition. After seeing success with several startups, Jordan-Jones decided to dropout and go on indefinite academic leave from Harvard. He never earned his degree.

Music Career

While at Scarsdale High School, Jordan-Jones was a member of eight-piece hip-hop and rock band, The Band Eclypse. The band was originally formed to compete at Amateur Night at the Apollo Theater in Harlem, where they won three consecutive shows in a row and decided to continue performing. As an independent act, the band saw great commercial success, appearing on lineups at notable music festivals such as Bamboozle, BOMBfest, and more while regularly opening for artists such as Lupe Fiasco, 30 Seconds to Mars, Jay Electronica, and Mac Miller. In a profile of the band, The New York Times Magazine observed that their sound was "reminiscent of MGMT and Phoenix, and set their rhymes into soft relief with an amazing shoegazer-y female vocalist" The band’s debut project, Ten Past, debuted at #8 on the iTunes hip-hop charts, becoming the first independent act to ever reach the top 10.

In June of 2020, Jordan-Jones announced his return commercially-releasing music, with the first installment of an EP trilogy, titled Album Loading: Inception. The project was well-received, with popular music blog Indie Shuffle observing that Jordan-Jones captured "the feeling of high school nostalgia" with the EP's standout track, Cigarettes. The publication compared the track to the works of Mac Miller, King Krule and Mac Demarco.

Tech Career

After dropping out of Harvard, Jordan-Jones quickly built a name for himself in the Boston tech community. He served as the co-founder and Chief Executive Officer of Dextr, the Vice President of Woxxer, and an advisor to both Karmaloop and Arsenic Magazine.

Amalgam

In 2017, he founded Amalgam: The Blockchain Company. The firm was founded upon the principles of fostering the mainstream adoption of Blockchain technology. The company very quickly gained traction and notoriety for its white paper, in which it discussed the use of stablecoins and blockchain-based supply chain management. The white paper also discussed Amalgam’s plans for its payment processor, Zeo, its KNOX data storage platform and an Artificial Intelligence module, which garnered substantial attention from the press. Bitcoin Exchange Guide called Amalgam an “Unhackable Supply Chain & AI Project” noting that, "Cryptocurrencies are particularly useful for cross-currency payments, and Amalgam's solution is an excellent suitor for such an application."

Shortly after the release of its white paper, Amalgam launched the Initial Coin Offering of its Amalgam Coin (AMG) token on Livecoin, a European cryptocurrency exchange. Amalgam released 200 million tokens that opened at $0.10 and quickly rose to a price of $4.52 per token, creating a market capitalization of $904 million. However, after numerous complaints of Livecoin’s questionable business practices, Amalgam decided to de-list its token from the exchange.

In January 2019, it was announced that Amalgam had partnered with the Los Angeles Clippers. The venture gave Amalgam the exclusive designation as the Official Blockchain Partner of the Los Angeles Clippers. Due to it being the first of its kind, the partnership was received positively by both the sports and tech communities, with LA Techwatch saying that it “Cemented the Future of Blockchain”. Gillian Zucker, the Clippers’ Vice President of Business Operations went on to say about the partnership that, “Innovation and technology are at the forefront of who we are at the Clippers and Amalgam is a leader in blockchain technology, so this partnership is a natural fit. We’re proud to consistently improve and grow in all business categories and are excited about the potential to use blockchain technology to improve our overall business functions as our partnership with Amalgam evolves.”. Jordan-Jones said that “Partnering with the L.A. Clippers, a franchise whose ownership is known for raising the bar with tech standards, was a no-brainer. We’re honored to partner with the Clippers and are incredibly excited to set the new standard for blockchain technology across the board.” Shortly after the news of the partnership, Jordan-Jones was named #1 on the Innovators Quarterly “40 Under 40” list.

Following the announcement of its partnership with payments company Plaid, Amalgam announced that it had closed its first round of external institutional funding with Brown Venture Group in December of 2021. While the size of the investment was undisclosed, current estimates approximate Amalgam's post-money annualized valuation at $2.6 billion USD. While these estimates are unconfirmed, Amalgam's annual revenues in 2021 were reportedly in the neighborhood of $100 million.

References

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