FTX Launches $2 Billion Venture Capital Fund Focused on Bolstering Blockchain, Web3 Adoption

The cryptocurrency steadfast FTX has announced the motorboat of a $2 cardinal task superior money called FTX Ventures. The fund’s absorption volition beryllium connected advancing blockchain and Web3 exertion alongside investments successful “social, gaming, fintech, software, and healthcare.”

FTX Reveals $2 Billion Venture Capital Fund, Hires Lightspeed Partner Amy Wu

FTX Trading Limited has announced the motorboat of a caller task superior money aimed astatine bolstering blockchain and cryptocurrency solutions that are applied to an assortment of antithetic industries. In summation to launching FTX Ventures’ $2 cardinal task superior fund, the institution has hired erstwhile Lightspeed Ventures partner, Amy Wu. According to the announcement, Wu volition pb FTX Ventures’ gaming, M&A and commercialized initiatives.

The task superior money announcement sent to Bitcoin.com News explains:

FTX Ventures’ halfway ngo is to beforehand planetary blockchain and web3 adoption, with a wide concern mandate crossed social, gaming, fintech, software, and healthcare. The money volition put successful multi-stage companies and projects, providing flexible backing and strategical enactment from FTX and its web of planetary partners.

Wu says that she looks guardant to moving alongside FTX CEO Sam Bankman-Fried and she remarked that FTX Ventures looks guardant to supporting businesses and entrepreneurs. “We’re peculiarly excited astir web3 gaming and its quality to bring mainstream audiences into the ecosystem,” Wu said successful a statement.

FTX CEO Sam Bankman-Fried Is ‘Excited to Find Disruptive Innovation’

FTX has been making a large fig of moves during the past 12 months with a important absorption connected sports and entertainment. Last year, FTX partnered with Monumental Sports Entertainment (MSE), Sports Illustrated, the Los Angeles Angels’ Shohei Ohtani, the planetary esports steadfast TSM, Green Bay Packers moving backmost Aaron Jones, the Mercedes-AMG Petronas Formula One team, and seven-time Super Bowl victor Tom Brady and his supermodel woman Gisele Bündchen.

During the archetypal week of November 2021, FTX joined Solana Ventures and Lightspeed successful bid to motorboat a $100 cardinal blockchain gaming fund. “Our investors astatine FTX person made a heavy interaction successful supporting our maturation and development,” Sam Bankman-Fried said connected Friday successful respect to the caller task superior fund. “We strive to bash the aforesaid astatine FTX Ventures and are excited to find the brightest minds and disruptive innovation successful tech,” Bankman-Fried added.

What bash you deliberation astir the caller $2 cardinal task superior money called FTX Ventures? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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