J.R. Willet is the inventor of the initial coin offering, or ICO, as well as the Omni (Mastercoin) protocol layer on top of Bitcoin.
Throughout 2012 and 2013 Willet published a landmark whitepaper to extend the bitcoin protocol with a new protocol layer, which he calls Mastercoin. In 2013, Willet launched the protocol layer by selling the tokens of the new protocol layer to new investors, raising half a million dollars in bitcoins, which within a few months appreciated to over $4 million. This is believed to be the first ICO.
Before founding the Omni Foundation, he was a lead software developer at Cozi Inc. working on iPhone and Android apps. Willett spent five years a Cozi Inc. Prior to Cozi, Willett spent 11 years at Dynon Avionics as a senior software engineer.
Willett graduated from the Seattle Pacific University with a B.S. in computer science. 
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