Tag: Amy Wu
Former FTX COO Wang resurfaces at Sino Global: Bloomberg
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ApeCoin Has Arrived
March 17, 2022 / Unchained Daily / Laura Shin Daily Bits ✍️✍️✍️ Eight members of Congress wrote to SEC chair Gary Gensler about[...]
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ApeCoin Launches for Bored Ape Ethereum NFT Holders With Reddit, FTX, Animoca Execs on Board
‘ApeCoin’ tied to Bored Ape NFT ecosystem debuts with planned community airdrop
A long-rumored crypto token tied to the Bored Ape NFT community was unveiled on Wednesday.
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FTX US Is Valued At $8 Billion After Raising $400M In Series A
This Week on Crypto Twitter: HODLers Joke Through Bitcoin Bloodbath, Twitter Tries Ethereum NFT PFPs
Crypto Exchange FTX Rolls Out $2,000,000,000 Venture Fund
Crypto exchange FTX is launching a $2 billion venture fund to support crypto and Web3 projects. The move was announced in a blog post penned by FTX CEO Sam Bankman-Fried, Ramnik Arora, the exchange’s head of product, and Amy Wu, the new head of FTX Ventures. The executives say they want to “make things easy […]
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FTX ‘Venture’ing into Web3 helps FTT break out of its five month downtrend
Crypto Exchange FTX Launches $2B Venture Fund
Crypto derivatives exchange FTX has launched a $2 billion venture fund focused on backing Web3 projects and the overall digital asset ecosystem. Dubbed FTX ventures, the fund will be headed by Amy Wu, a former partner at $10 billion investment firm Lightspeed Ventures Partners. FTX Ventures will invest in multi-stage companies and projects and is particularly excited about the number of talented teams in the Web3 gaming space. In fact, Wu stated that she’s “particularly excited about web3 gaming” and it’s potential to go mainstream. She has previously led multi-million-dollar investments in blockchain software company Alchemy and crypto-gaming firm Faraway. “I am thrilled to be joining FTX to work alongside Sam and some of the smartest people disrupting the financial services industry. With FTX Ventures, we are looking to support entrepreneurs building generational businesses. We’re particularly excited about web3 gaming and its ability to bring mainstream audiences into the ecosystem,” Wu said. In November 2021, FTX, Lightspeed Venture Partners and Solana Ventures even teamed up to create a $100 million blockchain gaming fund. Commenting on the development, FTX CEO, Bankman-Fried said in a statement: “Our investors at FTX have made a deep impact in supporting our growth and development. We strive to do the same at FTX Ventures and are excited to find the brightest minds and disruptive innovation in tech.” As part of FTX Ventures, Wu will lead a team of eight people, which includes general partner Ramnik Arora who has worked as FTX’s head of product since October 2020. Advisor Armani Ferrante, is also part of the team who has previously worked as a software engineer at Alameda Research, a quantitative crypto trading firm and liquidity provider founded by Sam Bankman-Fried himself. With the launch of FTX Ventures, the US-based cryptocurrency exchange has now joined the likes of Binance Labs and Coinbase Ventures, both of which have been in existence for several years.
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FTX Launches $2 Billion Venture Capital Fund Focused on Bolstering Blockchain, Web3 Adoption
FTX Launched $2B Web3 Venture Fund Led By Amy Wu’s Lightspeed
FTX Ventures Sets Aside $2 Billion Funds To Invest Into Crypto Startups
Amy Wu has been hired as the new business unit and fund head. Some $25.1 billion was raised for crypto
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