'There tends to be over time an incentive to move toward centralization. It remains to be seen whether those forces apply in Web 3,' amytongwu says. The lead for FTX_Official's $2 billion fund shares their investment wishlist. Presented by NexoFinance
Crypto derivatives exchange FTX has set up FTX Ventures, a $2 billion fund to invest in crypto-industry startups. The full funding came from FTX and its founder, Sam Bankman-Fried.
Amy Wu shares insights into FTX Ventures and what investment opportunities she’s continuing to watch. Plus, reactions to Jack Dorsey’s criticisms of Web 3 and the gaming community in an uproar over NFTs.
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London-Based VC Blossom Capital Raises $432 Million For New Crypto-Focused FundI joined Forbes as the Europe News Editor and will be working with the London newsroom to define our coverage of emerging businesses and leaders across the UK and Europe. Prior to joining Forbes, I worked for the news agency Storyful as its Asia Editor working from its Hong Kong bureau, and as a Senior Editor in London, where I reported on breaking news stories from around the world, with a special focus on how misinformation and disinformation spreads on social media platforms. I started my career in London as a financial journalist with Citywire and my work has appeared in the BBC, Sunday Times, and many more UK publications. Email me story ideas, or tips, to iain.martinforbes.com, or Twitter _iainmartin.
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