Some CRYPKYP functionalities are depricated as of October 2022 and will no longer be populated until further development and future version.
Although all here is visible and interactable you can not Contribute to those articles.
Try looking at other information on the Platform and Contributing there!
Have a great day,
The cryptocurrency investing business currently manages $1.4 billion in assets.
Framework Ventures' total assets under management have hit $1.4 billion after acquiring $400 million for its third venture capital fund. Half of the funds will be invested in blockchain gaming, with Web 3 and decentralized finance (DeFi) serving as additional focus areas.
After being one of the key benefactors of the "DeFi Summer" of 2020, Framework's new emphasis on blockchain-based gaming is noteworthy.
Michael Anderson, co-founder of Framework, said in a statement to CoinDesk, "We believe Web 3 gaming offers the most potential for development within the broader blockchain business."
In an interview with CoinDesk, Anderson explained that when Framework’s first fund opened in 2019, financial solutions had the strongest product-market fit for blockchains. However, following breakthroughs in layer 2 and non-Ethereum blockchains have redirected the crypto community’s attention to blockchain gaming.
“[Gaming] has the similar sort of Spider-sense sensation, where it seems like gaming is going to explode based on the amount of energy, people focused on it, and infrastructure supporting it,” he added.
The Framework’s mantra is “go where the entrepreneurs go,” and Anderson envisions more and more entrepreneurs entering the gaming industry.
However, gamers have thus far shown to be a formidable opponent for crypto enthusiasts, voicing their opposition to non-fungible token (NFT) proposals from some of the industry’s leading companies.
After Andreessen Horowitz announced a $2.2 billion fund and Paradigm replied with a $2.5 billion vehicle, crypto venture funds broke records in 2018. The decline in digital assets at the start of 2022 has not diminished the demand for fresh funds. Sequoia Capital and Bain Capital have recently invested over $600 million in cryptocurrencies.
Framework was established in 2019 by former Snapchat project manager Anderson and former Netflix Japan business operations manager Vance Spencer. Most Framework funds’ capital originates from a handful of institutional investors.
Framework was an early proponent of DeFi and has invested in companies such as the oracle network Chainlink, the liquidity protocol Aave, the data indexing protocol The Graph, and the liquidity service Tokenmak. Framework has already supported play-to-earn game creator Illuvium, which is not new to the blockchain gaming market.
Spencer stated in a news release, “Founders understand our cultural effect in the sector since our affiliate, Framework Labs, has spent the last three years working alongside them, operating nodes, engaging in on-chain governance, developing tools, and more.” We feel we are in a strong position to surpass our competition, particularly the Sand Hill group that is only now entering crypto and Web 3.