FTX Launches $2 Billion Enterprise Capital Fund Centered on Bolstering Blockchain, Web3 Adoption – Finance Bitcoin Information
The cryptocurrency agency FTX has introduced the launch of a $2 billion enterprise capital fund known as FTX Ventures. The fund’s focus might be on advancing blockchain and Web3 expertise 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 aimed toward bolstering blockchain and cryptocurrency options which are utilized to an assortment of various industries. Along with launching FTX Ventures’ $2 billion enterprise capital fund, the corporate has employed former Lightspeed Ventures associate, Amy Wu. In response to the announcement, Wu will lead FTX Ventures’ gaming, M&A and industrial 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 corporations and tasks, offering versatile funding and strategic assist 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 capacity to deliver mainstream audiences into the ecosystem,” Wu mentioned 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 major give attention to sports activities and leisure. Final yr, 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 group, 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 so as to launch a $100 million blockchain gaming fund. “Our traders at FTX have made a deep impression in supporting our progress and growth,” Sam Bankman-Fried mentioned on Friday in regard to the brand new enterprise capital fund. “We attempt to do the identical at FTX Ventures and are excited to seek out the brightest minds and disruptive innovation in tech,” Bankman-Fried added.
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