FTX Launches $2 Billion Venture Capital Fund Focused on Bolstering Blockchain, Web3 Adoption – Finance Bitcoin News
The cryptocurrency agency FTX has introduced the launch of a $2 billion enterprise capital fund referred to as FTX Ventures. The fund’s focus will probably be on advancing blockchain and Web3 know-how alongside investments in “social, gaming, fintech, software, and healthcare.”
FTX Reveals $2 Billion Venture Capital Fund, Hires Lightspeed Partner Amy Wu
FTX Trading Limited has introduced the launch of a brand new enterprise capital fund geared toward bolstering blockchain and cryptocurrency options which might be utilized to an assortment of various industries. In addition to launching FTX Ventures’ $2 billion enterprise capital fund, the corporate has employed former Lightspeed Ventures accomplice, Amy Wu. According to the announcement, Wu will lead FTX Ventures’ gaming, M&A and industrial initiatives.
The enterprise capital fund announcement despatched to Bitcoin.com News explains:
FTX Ventures’ core mission is to advance international blockchain and web3 adoption, with a broad funding mandate throughout social, gaming, fintech, software program, and healthcare. The fund will put money into multi-stage firms and initiatives, offering versatile funding and strategic assist from FTX and its community of world companions.
Wu says that she appears to be like ahead to working alongside FTX CEO Sam Bankman-Fried and she or he remarked that FTX Ventures appears to be like ahead to supporting companies and entrepreneurs. “We’re particularly excited about web3 gaming and its ability to bring mainstream audiences into the ecosystem,” Wu mentioned in an announcement.
FTX CEO Sam Bankman-Fried Is ‘Excited to Find Disruptive Innovation’
FTX has been making a large number of strikes over the past 12 months with a major give attention to sports activities and leisure. Last yr, FTX partnered with Monumental Sports Entertainment (MSE), Sports Illustrated, the Los Angeles Angels’ Shohei Ohtani, the worldwide esports agency TSM, Green Bay Packers operating again Aaron Jones, the Mercedes-AMG Petronas Formula One staff, and seven-time Super Bowl winner Tom Brady and his supermodel spouse Gisele Bündchen.
During the primary week of November 2021, FTX joined Solana Ventures and Lightspeed so as to launch a $100 million blockchain gaming fund. “Our investors at FTX have made a deep impact in supporting our growth and development,” Sam Bankman-Fried mentioned on Friday in regard to the brand new enterprise capital fund. “We strive to do the same at FTX Ventures and are excited to find the brightest minds and disruptive innovation in tech,” Bankman-Fried added.
What do you consider the brand new $2 billion enterprise capital fund referred to as FTX Ventures? Let us know what you consider this topic within the feedback part under.
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