Frax Finance, the renowned stablecoin platform, has released its new roadmap for 2025, with plans to integrate AI agents and rebrand its coin as frxUSD. Sam Kazemian, founder of Frax Finance, guarantees that Frax is positioned to lead the mass adoption of decentralized finance.
Beyond his role as the founder of Frax and various other companies, Sam Kazemian is one of the prominent figures who advocate decentralization and freedom of speech. This article will be a short biography of Sam Kazemian, delving into his personal details, career, creation of Frax, and other contributions to the blockchain world.
Who Is Sam Kazemian? Personal & Education Details
Born on February 12, 1993, to an Iranian family in Tehran, Sam Kazemian is a first-generation immigrant to the United States. He went to Ventura County, California’s Westlake High School.
Kazemian was very much interested in athletics and he became a member of the UCLA Bruins powerlifting team in 2012. He was a part of the team until he graduated in philosophy and neuroscience from the University of California (UCLA), Los Angeles, in 2015.
Sam Kazemian’s Introduction To Blockchain: The Initial Days
Kazemian was introduced to crypto when he used a system he assembled from old desktop computers in his college dormitory. He mined Bitcoin and various other proof-of-work-based cryptocurrencies in 2014, self-learning all aspects of blockchain technology.
Sam Kazemian’s Career Timeline
Kazemian started his career even before graduating from the university, co-founding a platform inspired by Wikipedia. He worked on the platform for five years before founding Frax. Let’s get into a timeline of his work.
2014 To 2018: Everipedia Days
While studying at UCLA, Sam Kazemian co-founded Everipedia (later rebranded as IQ.wiki) with Theodor Forselius, and launched its blockchain to make it a decentralized platform where users can stake and contribute. It became an instant success and grew into a prominent community-owned online platform.
In 2017, Larry Sanger, the co-founder of Wikipedia, joined IQ.wiki as its CIO (Chief Information Officer), gaining mainstream media attention. In 2018, the platform got a $30 million investment from Galaxy Digital, one of the famous crypto investment firms.
2019 To 2022: The Frax Days
As a passionate blockchain user, Kazemian was very much annoyed with the existing stablecoin ecosystem, where centralized powers were dominating the market. He made a plan to launch an advanced stablecoin, and a 100% decentralized community surrounding it, with very few workers employed for server and interface maintenance. The inspiration was a 2014 academic paper by Robert Sams titled “A Note on Cryptocurrency Stabilisation: Seigniorage Shares.”
In November 2020, he launched it as a testnet, naming it Frax Finance. Unlike the previous stablecoin protocols, Frax has a unique algorithm that offers three stablecoins, FRAX, FPI, and frxETH. It also has subprotocols to integrate with these coins, namely Fraxlend, FraxSwap, and Fraxferry.
Frax Finance was officially launched on the Ethereum mainnet on December 20, 2020, and became an instant hit, generating around $40 million in investments within hours. In 2021, Binance listed FXS/BTC and FXS/BUSD in their innovation zone.
2022 To Present: The Growth Of Frax
At the beginning of 2022, Frax increased its reach by expanding its collaboration with Chainlink, enhancing the minting and redeeming functions. In March 2022, Frax’s stablecoin achieved its highest market cap of $2.90 billion.
Despite various dips, the network continues to grow, inspiring young web3 enthusiasts to delve into entrepreneurship. The platform has recently released its roadmap for 2025.
Sam Kazemian’s Vision For The Future: The 2025 Roadmap Of Frax
The new roadmap was released in December 2025, introducing groundbreaking upgrades such as AI integration and advanced banking functions. Sam Kazemian intends to make Frax a decentralized central bank of crypto, a radical plan to execute. Let’s get into the details.
- FRAX, the primary stablecoin of the ecosystem will be rebranded as frxUSD with enhanced capabilities like the direct swap into fiat. On the other hand, FXS will be transformed into FRAX and will be used for staking and transactions.
- The platform will deploy fully automated self-aware AI agents to maintain and govern the network, transforming the EVM capabilities into an advanced AIVM.
- Other changes include the support of higher-end applications that demand ultra-fast block times, a new interface for swapping, and optimized routing capabilities.
Final Thoughts
As a 31-year-old entrepreneur and crypto activist, Sam Kazemian is a role model figure for budding web3 enthusiasts. He was listed on Forbes Media’s list of 30 under 30, and we expect him to reach new milestones soon.
To stay connected with Sam Kazemian, you can access his social media profiles such as X (@samkazemian) and Instagram (samkazemian). Also, you can go through the blogs of Frax Finance.
