Framework Ventures puts on a 400 million dollar defi fund that aims at games and web3 startups

Framework Ventures puts on a 400 million dollar defi fund that aims at games and web3 startups

The risk capital company Framework Ventures has raised $ 400 million for a fund that focuses on investments in start-ups in the early phase, which are active in some of the most foaming sectors in the crypto industry.

According to an explanation on Tuesday, the third fund from Framework (FVIII) should aim at blockchain games, web3 and defi startups as well as networks, in the hope of relying on the next successful crypto vertical.

of the total of $ 400 million are planned for blockchain games, said Adam Badrawi, the company's communication partner, in an email with.

The company now manages around $ 1.4 billion and has made it one of the largest VCS in the blockchain industry. The majority of Framework's assets come from a small group of institutional interest groups.

by some of the view earliest framework (decentralized Financing), planted its roots in 2019 by using an increase of $ 8 million that was intended for the burgeoning growth of Defi.

With the intention of further expanding its beginnings, Framework said that his investor team "identified" the gambling sector in the industry as an area with "significant growth" in the next five years.

The company said it "reinforced its commitment" after it had already made a large scales of capital for various segments of the gaming sector after early investments in Stardust and the 6 billion dollar project for a triple a title, Illuvium.

"We believe that we have done pioneering work for a new type of crypto investment ... and intend to use them aggressively in other important industries in the blockchain industry," said Vance Spencer, co-founder of Framework. "We believe that we are well positioned to exceed our competitors, including the Sandhügel sentence that only now comes in Krypto and Web3. "

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