The cryptocurrency company FTX has actually revealed the launch of a $2 billion equity capital fund called FTX Ventures. The fund’s focus will be on advancing blockchain and Web3 innovation together with financial investments in “social, gaming, fintech, software, and healthcare.”
FTX Reveals $2 Billion Venture Capital Fund, Hires Lightspeed Partner Amy Wu
FTX Trading Limited has actually revealed the launch of a brand-new equity capital fund focused on reinforcing blockchain and cryptocurrency options that are used to a variety of various markets. In addition to introducing FTX Ventures’ $2 billion equity capital fund, the business has actually worked with previous Lightspeed Ventures partner, Amy Wu. According to the statement, Wu will lead FTX Ventures’ video gaming, M&A and business efforts.
The equity capital fund statement sent out to Bitcoin.com News discusses:
FTX Ventures’ core objective is to advance worldwide blockchain and web3 adoption, with a broad financial investment required throughout social, video gaming, fintech, software application, and health care. The fund will buy multi-stage business and jobs, supplying versatile financing and tactical assistance from FTX and its network of worldwide partners.
Wu states that she anticipates working together with FTX CEO Sam Bankman-Fried and she mentioned that FTX Ventures anticipates supporting organizations and business owners. “We’re particularly excited about web3 gaming and its ability to bring mainstream audiences into the ecosystem,” Wu stated in a declaration.
FTX CEO Sam Bankman-Fried Is ‘Excited to Find Disruptive Innovation’
FTX has actually been making a variety of relocations throughout the last 12 months with a substantial concentrate on sports and home entertainment. Last year, FTX partnered with Monumental Sports Entertainment (MSE), Sports Illustrated, the Los Angeles Angels’ Shohei Ohtani, the worldwide esports firm TSM, Green Bay Packers running back Aaron Jones, the Mercedes-AMG Petronas Formula One group, and seven-time Super Bowl winner Tom Brady and his supermodel better half Gisele Bündchen.
During the very first week of November 2021, FTX signed up with Solana Ventures and Lightspeed in order to introduce a $100 million blockchain video gaming fund. “Our investors at FTX have made a deep impact in supporting our growth and development,” Sam Bankman-Fried stated on Friday in regard to the brand-new equity 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 included.
What do you think of the brand-new $2 billion equity capital fund called FTX Ventures? Let us understand what you think of this topic in the remarks area listed below.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This short article is for educational functions just. It is not a direct deal or solicitation of a deal to purchase or offer, or a suggestion or recommendation of any items, services, or business. Bitcoin.com does not offer financial investment, tax, legal, or accounting suggestions. Neither the business nor the author is accountable, straight or indirectly, for any damage or loss triggered or declared to be brought on by or in connection with making use of or dependence on any material, items or services pointed out in this short article.