Framework Ventures launches $400 million fund to invest in DeFi and GameFi


Cryptocurrency-focused venture capital firm Framework Ventures is launching a new $400 million fund to invest in DeFi and GameFi projects.

The fund, called FVIII, became the third fund of Framework Ventures. Company informedthat half of the amount – $ 200 million – will be used to support game projects on the blockchain. The remaining 50% of the funds will go to investments in decentralized finance and Web3 projects.

Investment specialists expect that GameFi projects will see a boom in interest in the near future, as was the case with the DeFi industry in 2020. Previously, Framework Ventures has already invested in game projects – Stardust and Illuvium.

“We believe we have found our own and new style of investing in the cryptocurrency industry. We plan to expand it to other areas of the blockchain industry. We believe we are in a great position to do this and can outperform the competition,” said venture capital firm co-founder Vance Spencer.

The venture capital firm now manages $1.4 billion in funds. Framework Ventures supported major crypto projects such as Chainlink, Aave, and The Graph in the early stages.

Earlier, the KuCoin exchange and the Windvane platform launched a $100 million fund to support Web3 projects.


Source: Bits

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