Crypto venture firm Framework Ventures completes $400M funding Announced that half of the funds raised will be invested in the blockchain game field.

This is the third time the company has raised funds, and the total amount of assets under management has reached 1.4 billion dollars. 90% of the assets under management are held by a small number of corporate investors.

Co-founder Michael Anderson commented:

I think the next stage in the blockchain industry will be all about acquiring new users, and I believe that games will be the biggest top-of-funnel opportunity (the earliest stage of the purchasing process, the stage of gathering information). increase. As the P2E economic model is introduced to triple-A games that are actually fun to play, we can expect explosive growth in the sector.

In 2020, the year after the company was launched in 2019, we raised $8 million to expand the team and launched Framework Labs as part of the Framework team’s “Network Capital” thesis.

Both teams have continued to expand over the last few months and now have more than 22 team members.

What is Framework?

Framework Ventures was founded in 2019 by former Snapchat project manager Michael Anderson and Vance Spencer, who was in charge of business operations in Japan at Netflix.

It is known as one of the first venture companies to “all in on DeFi” when the sector was still less than $1 billion.

Link

Official site: https://framework.ventures/
Twitter: https://twitter.com/hiFramework?s=20&t=0BmfC-P776GPbDFzua15Gw
Source: https://www.businesswire.com/news/home/20220419005759/en /Framework-Ventures-Raises-400-Million-for-Third-Fund-Earmarks-Half-for-Web3-Gaming

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