Tuesday, January 18, 2022

FTX Launches $2 Billion Venture Capital Fund Focused on Bolstering Blockchain, Web3 Adoption – Finance Bitcoin News

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

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

FTX Trading Limited 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. In addition to launching FTX Ventures’ $2 billion enterprise capital fund, the corporate has employed former Lightspeed Ventures associate, Amy Wu. According to the announcement, Wu will lead FTX Ventures’ gaming, M&A and industrial initiatives.

The enterprise capital fund announcement despatched to Bitcoin.com News 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 initiatives, offering versatile funding and strategic help from FTX and its community of world companions.

Wu says that she appears ahead to working alongside FTX CEO Sam Bankman-Fried and he or she remarked that FTX Ventures appears ahead to supporting companies and entrepreneurs. “We’re particularly excited about web3 gaming and its ability to bring mainstream audiences into the ecosystem,” Wu mentioned in a press release.

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

FTX has been making a large number of strikes over the past 12 months with a big focus on sports activities and leisure. Last 12 months, FTX partnered with Monumental Sports Entertainment (MSE), Sports Illustrated, the Los Angeles Angels’ Shohei Ohtani, the worldwide esports agency TSM, Green Bay Packers working again Aaron Jones, the Mercedes-AMG Petronas Formula One group, and seven-time Super Bowl winner Tom Brady and his supermodel spouse Gisele Bündchen.

During the primary week of November 2021, FTX joined Solana Ventures and Lightspeed in an effort to launch a $100 million blockchain gaming fund. “Our investors at FTX have made a deep impact in supporting our growth and development,” Sam Bankman-Fried mentioned on Friday in regard to the brand new enterprise capital fund. “We strive to do the same at FTX Ventures and are excited to find the brightest minds and disruptive innovation in tech,” Bankman-Fried added.

Tags on this story
$2 Billion, Amy Wu, Blockchain, Blockchain enterprise fund, Crypto, crypto enterprise fund, Finance, Financing, Fintech, ftx, FTX Trading Limited, FTX Ventures, fund, Funding, Gaming, Healthcare, Lightspeed Ventures associate, Sam Bankman-Fried, Social, Software, Startups, Venture Capital Fund, enterprise fund, Web3

What do you consider the brand new $2 billion enterprise capital fund referred to as FTX Ventures? Let us know what you consider this topic within the feedback part beneath.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News 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 functions. Since September 2015, Redman has written greater than 5,000 articles for Bitcoin.com News concerning the disruptive protocols rising at this time.




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