FTX exchange launches a venture fund for $2 billion – Bits Media

FTX cryptocurrency exchange launches the new FTX Ventures venture fund to $2 billion. This is one of the largest funds in the cryptocurrency industry.

The FTX exchange has repeatedly invested in cryptocurrency firms through an affiliated company ALAMEDA, However, it was now decided to launch A separate venture fund. EMI WU will lead the new unit (Amy Wu), LightSpeed ​​venture company partner.

According to FTX CEO Sam Bankman-Fried (Sam Bankman-Fried), The new fund will “develop the acceptance of blockchain and web 3.0 around the world, Invest in the company, working in social and game spheres, as well as health and finance sectors ". Investments can be made from $100 000 up to hundreds of millions of dollars.

“The target goals are not attached to FTX strategy. Our goal, quicker, is an acceleration of blockchain accepting. We want, To know us for that favor, which we bring, Using resources, Experience and global network of FTX Exchange partners ", - emphasized Wu.

Recall, what, According to The Block, for 2021 A year has been spent 1 700 venture transactions in the cryptocurrency industry. The amount of funds received from investors exceeded $25 billion.