Investment firm Framework Ventures; gaming has set up a $400 million fund to invest in Web3 and DeFi projects.
Framework, established in 2019, FVIII Together with this third fund, which he calls the , he now manages assets worth a total of $ 1.4 billion.
Half of the $400 million fund raised, according to the company’s announcement today, gaming will be reserved for blockchain projects working in the field.
Framework Ventures was founded by ex-Snapchat employee Michael Anderson and ex-Netflix employee Vance Spencer, and the total value of the DeFi industry is yet to come. not exceeding a billion dollars started investing.
Among the protocols that the company invested in in the early periods are Chainlink, Aave, The Graph, Tokemak and different names.
Spencer, co-founder of Framework, “We believe we have brought a new approach to crypto investment and we want to reflect this approach to other areas of the blockchain industry.” said.
The other founder of the company, Anderson, in his statements about the future of the blockchain industry, especially that there are great opportunities in the field of gaming stated. Framework has also invested in projects such as Stardust and Illuvium, which are already operating in this field.