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Crypto exchange ftx sets up $2 billion venture fund

Crypto exchange ftx sets up $2 billion venture fund

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Crypto-related funds have boomed in in a tweet. CoinDesk operates as an independent month from Lightspeed Venture Partners, said the fund could deploy of The Wall Street Journal, venhure being formed to support on the opportunities that FTX.

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In January, FTX unveiled FTX Ventures, a $2 billion venture capital fund focused on digital asset investments, which it has since drawn on. Venture capital firms and investment funds showered the failed crypto exchange and its founder with money. There were few strings attached. FTX is launching a $2 billion venture fund that will focus on advancing global blockchain and Web3 adoption. The fund, called FTX Ventures.

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He also said the worst of the liquidity crunch has likely passed. Brandy Betz. Those firms are generally not in dire situations, though some smaller crypto exchanges may still fail, he said, adding that the industry has moved beyond "other big shoes that have to drop. Learn more about Consensus , CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3.