Crypto Company Framework Ventures Will Create a $400M Fund

Crypto firm Framework Ventures has just raised $400 million to create a new investment fund, Bloomberg has reported.

About half of these funds will reportedly go to startups in the GameFi field, which the company’s founders expect to see explosive growth.

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Notably, the fund, dubbed FVIII, is the third fund created by Framework Ventures since it was founded 2 years ago. The company currently has $1.4 billion in assets under management.

Some of the projects included in Framework Ventures’ portfolio include Aave, Chainlink and Illuvium.