FTX has set up a $2 billion venture fund to invest in new and promising cryptocurrency projects.
The US exchange aims to allocate funds from $100,000 to hundreds of millions of dollars in certain blockchain and crypto projects through the new initiative called FTX Ventures.the news earlier on January 14th, indicating that FTX Ventures will be one of the largest such funds in the cryptocurrency space.
FTX Ventures plans to invest in up-and-coming crypto protocols as funding could start from $100,000 and could go up to “hundreds of millions of dollars.”
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