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Tag: FTX Launches $2 Billion Blockchain

FTX Launches $2 Billion Blockchain & Web3 Fund
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FTX Launches $2 Billion Blockchain & Web3 Fund

Major crypto derivatives exchange FTX launched a $2 billion investment capital fund, FTX Companies. The brand new fund is centered on “supporting the world’s best teams building within the digital asset ecosystem”, the organization noted. It's searching to purchase multi-stage ventures and projects, using the team saying it'll provide “flexible funding” and proper support - both from FTX and it is network of worldwide partners. The fund’s primary mission would be to advance the worldwide adoption of blockchain and Web3, with “a broad investment mandate in social, gaming, fintech, software, and healthcare.” It'll launch having a group of eight people, the organization stated, including general partner Ramnik Arora and advisor Armani Ferrante. FTX Ventures is going to be brought by...