The cryptocurrency firm FTX has announced the launch of a $2 billion venture capital fund called FTX Ventures.
The fund’s focus will be on advancing blockchain and Web3 technology alongside investments in “social, gaming, fintech, software, and healthcare.”has announced the launch of a new venture capital fund aimed at bolstering blockchain and cryptocurrency solutions that are applied to an assortment of different industries. In addition to launching FTX Ventures’ $2 billion venture capital fund, the company has hired former Lightspeed Ventures partner, Amy Wu.
Wu says that she looks forward to working alongside FTX CEO Sam Bankman-Fried and she remarked that FTX Ventures looks forward to supporting businesses and entrepreneurs. “We’re particularly excited about web3 gaming and its ability to bring mainstream audiences into the ecosystem,” Wu said in a statement.FTX has been making a great number of moves during the last 12 months with a significant focus on sports and entertainment.
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