Peter Thiel supports Palmer Luckeys Lord of the Rings-inspired digital bank, but the name has a dark story

Thiel’s Founders Fund reports reportedly invested in the bank In an ongoing round. 8VC, the venture find of the Palatir co -founder Joe Lonsdale, also reports the bank.

Like Palantir, Erebor takes out his name The Lord of the Rings Series, especially the prequel. Even known as the lonely mountain, it is a first -class environment for The hobbit. While it is described in this book as the largest kingdom in the Middle earth, it also has a dark story.

We will save you the full story of Erebor, but if you have read the book or saw the film, you may remember that Smaug, the valuable dragon, calls it home and destroys a nearby settlement, puts you in flames and killing … Well, many people. And when he is killed over an arrow to a weak point in its armor -like level, it falls onto the city and crushes it.

His death also leads a struggle for the treasure that leads in the battle of the five armies. Basically, many bad things happen there before it is restored in his previous fame.

The Lord of the Rings It’s something like a favorite for Luckey and Thiel. Luckey sensor The defense company is named after the sword used by Aragorn. Thiel’s Palantir is a huge software company. And Thiel’s Mithril Capital, which was founded in 2012, has its name from a precious metal mentioned in the books.

With regard to Erebor The Bank, it plans to invest technology companies and the people who work or invest in them. The areas of interest include AI, crypto and defense. The bank holds stable coins in its balance sheet and has its headquarters in Columbus, Ohio, although there are currently no inpatient locations.