FTX Launches $2 Billion Venture Capital Fund Focused on Bolstering Blockchain, Web3 Adoption

The cryptocurrency company FTX has announced the launch of a $ 2 billion fund called FTX Ventures. The fund’s goal will be to advance blockchain and Web3 technology as well as invest in “cultural, sports, fintech, software, and medical services.”

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

Ideas for the company FTX Trading Limited has announced the launch of a new venture capital center aimed at promoting blockchain and cryptocurrency solutions that work in a variety of different industries. In addition to setting up FTX Ventures’ $ 2 billion fund, the company has hired former Lightspeed Ventures partner Amy Wu. According to the announcement, Wu will lead FTX Ventures, M&A games and commercial trials.

The announcement of the capital fund sent to Bitcoin.com News states:

The main goal of FTX Ventures is to promote blockchain globalization and web3 implementation, and to invest heavily in culture, games, fintech, software, and healthcare. The fund will invest in a number of companies and projects, providing flexible funding and support from FTX and its affiliate networks around the world.

Wu says he hopes to work with FTX CEO Sam Bankman-Fried and said FTX Ventures hopes to support businesses and businesses. “We are very excited about the web3 game and its ability to bring more audiences into the environment,” Wu said in a statement.

FTX CEO Sam Bankman-Fried ‘Happy to Find Distractions’

FTX has been running several times in the last 12 months with a lot of focus on games and entertainment. Last year, FTX united and Monumental Sports Entertainment (MSE), Sports Illustrated, angels of Los Angeles Shohei Ohtani, the world TSM sports company, The Green Bay Packers are running backwards Aaron Jones, and Group Mercedes-AMG Petronas Formula One, is the seven-time Super Bowl winner Tom Brady and his noble wife Gisele Bündchen.

In the first week of November 2021, FTX connected Solana Ventures and Lightspeed are set to launch a $ 100 million blockchain gaming fund. “Our vendors at FTX have made a significant contribution to our growth and development,” Sam Bankman-Fried said on Friday about the new venture capital fund. “We strive to do the same at FTX Ventures and we are delighted to receive the brightest and most confusing technical ideas,” Bankman-Fried added.

Tags in this article

$ 2 Billion, Amy Wu, Blockchain, Blockchain venture Fund, Crypto, crypto venture fund, They prospered, Money, Fintech, ftx, Ideas for the company FTX Trading Limited, FTX results, money, Money, Games, Health care, Lightspeed Ventures Assistant, Sam Bankman-Fried, Social, Software, Beginners, Ideas for the company Venture Capital Fund, purse, Web3

What do you think of the new $ 2 billion fund called FTX Ventures? Tell us what you think about this in the comments section below.

Jamie Redman

Jamie Redman is News Lead at Bitcoin.com News and a financial correspondent based in Florida. Redman has been an active member of the cryptocurrency team since 2011. He is passionate about Bitcoin, open source code, and decentralized applications. As of September 2015, Redman has written more than 5,000 Bitcoin.com News articles about the ongoing scandals.

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