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HomeCoinsBitcoinFTX Launches $2 Billion Equity Capital Fund Focused on Reinforcing Blockchain, Web3...

FTX Launches $2 Billion Equity Capital Fund Focused on Reinforcing Blockchain, Web3 Adoption


FTX Launches $2 Billion Endeavor Capital Fund Concentrated On Reinforcing Blockchain, Web3 Adoption

< img width =" 1280" height=" 720" src=" http://investincryptocoins.com/wp-content/uploads/2022/01/76O44m.jpg" class=" story __ img article __ poster" alt=" FTX Launches $2 Billion Endeavor Capital Fund Focused on Bolstering Blockchain, Web3 Adoption" loading=" lazy "> The cryptocurrency company FTX has actually announced the launch of a$ 2 billion endeavor capital fund called FTX Ventures. The fund’s focus will be on advancing blockchain and Web3 technology together with investments in” social, video gaming, fintech, software, and healthcare.” FTX Reveals$ 2 Billion Equity Capital Fund, Works With Lightspeed Partner Amy Wu FTX Trading Limited has revealed the launch of a brand-new venture capital fund targeted at strengthening blockchain and cryptocurrency options that are applied to a variety of different markets. In addition to introducing FTX Ventures’ $2 billion venture capital fund, the company has hired former Lightspeed Ventures partner, Amy Wu. According to the statement, Wu will lead FTX Ventures’ gaming, M&A and business initiatives.

The venture capital fund announcement sent out to Bitcoin.com News discusses:

FTX Ventures’ core objective is to advance worldwide blockchain and web3 adoption, with a broad investment mandate throughout social, video gaming, fintech, software, and healthcare. The fund will purchase multi-stage business and projects, providing versatile funding and strategic assistance from FTX and its network of global partners.

Wu states that she looks forward to working along with FTX CEO Sam Bankman-Fried and she remarked that FTX Ventures eagerly anticipates supporting services and business owners. “We’re particularly delighted about web3 video gaming and its capability to bring mainstream audiences into the community,” Wu said in a statement.

FTX CEO Sam Bankman-Fried Is ‘Delighted to Find Disruptive Development’

FTX has been making a variety of moves during the last 12 months with a considerable concentrate on sports and home entertainment. In 2015, FTX partnered with Monumental Sports Home Entertainment (MSE), Sports Illustrated, the Los Angeles Angels’ Shohei Ohtani, the international esports firm TSM, Green Bay Packers running back Aaron Jones, the Mercedes-AMG Petronas Solution One group, and seven-time Super Bowl winner Tom Brady and his supermodel spouse Gisele B√ľndchen.

During the first week of November 2021, FTX signed up with Solana Ventures and Lightspeed in order to release a $100 million blockchain gaming fund. “Our financiers at FTX have made a deep impact in supporting our development and advancement,” Sam Bankman-Fried said on Friday in regard to the brand-new endeavor capital fund. “We aim to do the exact same at FTX Ventures and are thrilled to find the brightest minds and disruptive development in tech,” Bankman-Fried added.

Tags in this story
$2 Billion, Amy Wu, Blockchain, Blockchain venture fund, Crypto, crypto venture fund, Financing, Funding, Fintech, ftx, FTX Trading Limited, FTX Ventures, fund, Funding, Video Gaming, Health Care, Lightspeed Ventures partner, Sam Bankman-Fried, Social, Software, Startups, Venture Capital Fund, venture fund, Web3

What do you consider the brand-new $2 billion equity capital fund called FTX Ventures? Let us understand what you think of this subject in the comments section listed below.

Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community given that 2011. He has an enthusiasm for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has actually composed more than 5,000 posts for Bitcoin.com News about the disruptive procedures emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informative purposes only. It is not a direct offer or solicitation of a deal to buy or sell, or a recommendation or recommendation of any products, services, or business. Bitcoin.com does not offer investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with using or dependence on any material, items or services mentioned in this short article.

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In Case You Missed It Published at Fri, 14 Jan 2022 20:00:43 +0000


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