FTX, the world’s 3rd largest cryptocurrency exchange by volume, announced that it will launch a $2 billion venture fund, one of the largest funds ever.
Amy Wu, who will run the fund, said that FTX Ventures has a minimum from 100 thousand dollars starting from millions of dollars announced that they will invest as flexibly as possible.
In addition to leading FTX Ventures, FTX’s their purchase, partnerships and investments in blockchain games Wu, who will preside:
We will probably distribute them all in 2022, but that depends on the opportunities we see.
made a statement.
Wu, who works at Lightspeed Venture Partners, joined FTX last month.
The FTX exchange, which has a market cap of approximately $25 billion, will give $2 billion from its own coffers to FTX Ventures to invest in.
Amy Wu via FTX Ventures especially by investing in blockchain gaming companies He said he would take care of it. Also for the crypto market insurance and security products In this way, you will invest in reduce concerns about hackers He said they were planning.
FTX had invested in many companies before founding FTX Ventures. These include game studio Faraway Inc., financial infrastructure firm DriveWealth Holdings, and blockchain verification firm Wab3Auth.
FTX Ventures’ investment plans include stocks on global stock markets or financing a new project.
Amy Wu, the coordinator of the project, announced that she will still continue to work as a venture partner at Lightspeed.