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FTX Launches $2 Billion Enterprise Capital Fund Targeted on Bolstering Blockchain, Web3 Adoption – Finance Bitcoin Information


The cryptocurrency agency FTX has introduced the launch of a $2 billion enterprise capital fund referred to as FTX Ventures. The fund’s focus can be on advancing blockchain and Web3 know-how alongside investments in “social, gaming, fintech, software program, and healthcare.”

FTX Reveals $2 Billion Enterprise Capital Fund, Hires Lightspeed Associate Amy Wu

FTX Buying and selling Restricted 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. Along with launching FTX Ventures’ $2 billion enterprise capital fund, the corporate has employed former Lightspeed Ventures accomplice, Amy Wu. Based on the announcement, Wu will lead FTX Ventures’ gaming, M&A and business initiatives.

The enterprise capital fund announcement despatched to Bitcoin.com Information 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 spend money on multi-stage firms and tasks, offering versatile funding and strategic help from FTX and its community of worldwide 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 notably enthusiastic about web3 gaming and its skill to carry mainstream audiences into the ecosystem,” Wu stated in a press release.

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

FTX has been making a large number of strikes over the last 12 months with a big deal with sports activities and leisure. Final 12 months, FTX partnered with Monumental Sports activities Leisure (MSE), Sports activities Illustrated, the Los Angeles Angels’ Shohei Ohtani, the worldwide esports agency TSM, Inexperienced Bay Packers working again Aaron Jones, the Mercedes-AMG Petronas Method One crew, and seven-time Tremendous Bowl winner Tom Brady and his supermodel spouse Gisele Bündchen.

In the course of the first week of November 2021, FTX joined Solana Ventures and Lightspeed to be able to launch a $100 million blockchain gaming fund. “Our buyers at FTX have made a deep affect in supporting our progress and improvement,” Sam Bankman-Fried stated on Friday in regard to the brand new enterprise capital fund. “We attempt to do the identical at FTX Ventures and are excited to search out the brightest minds and disruptive innovation in tech,” Bankman-Fried added.

Tags on this story
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Jamie Redman

Jamie Redman is the Information Lead at Bitcoin.com Information and a monetary tech journalist residing in Florida. Redman has been an lively member of the cryptocurrency neighborhood since 2011. He has a ardour for Bitcoin, open-source code, and decentralized purposes. Since September 2015, Redman has written greater than 5,000 articles for Bitcoin.com Information in regards to the disruptive protocols rising at the moment.

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