What will happen to FTX_Official's venture capital arm after binance acquisition offer? FTX Ventures invested in some of the biggest names in crypto. BrandyBetz reports
The venture capital arm of cryptocurrency exchange FTX has been a prominent investor in some of the biggest names in the crypto ecosystem. With Binance's possible acquisition of its rival FTX, questions swirl around what will happen to these investments.
Among the biggest names in which FTX Ventures invested were Bored Ape Yacht Club creator Yuga Labs, USDC stablecoin issuer Circle, layer 1 blockchains Near Protocol and Sui, crypto lender BlockFi and two different funding rounds for the Aptos blockchain, according to crypto data analytics firmFTX has been linked closely with the embattled BlockFi. The U.S. arm of FTX gave the strained lender aof SkyBridge Capital for an undisclosed amount after the investment firm was dinged by the bear market.
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