Yugocean
Valued Contributor
Given the growing influence of Web3, the cryptocurrency exchange FTX is creating a new venture capital arm, FTX Ventures, to focus investments in this sector.
This new plan will encourage various applications of Web3 including gaming and social sector.
The success of AxieInfinity has already attracted the gaming industry, and they are moving to blockchain, more and more free-to-play and play-to-earn platforms are coming up, so this development is going to open more space.
FTX is trying to make an impact in this area with its $2 billion Ventures plan. This plan is led by FTX to Amy Wu, who previously held Lightspeed's responsibility.
FTX is also eyeing increase in the popularity of its exchange platform. It is common that even inactive accounts will become active with the success of the plan.
This new plan will encourage various applications of Web3 including gaming and social sector.
The success of AxieInfinity has already attracted the gaming industry, and they are moving to blockchain, more and more free-to-play and play-to-earn platforms are coming up, so this development is going to open more space.
FTX is trying to make an impact in this area with its $2 billion Ventures plan. This plan is led by FTX to Amy Wu, who previously held Lightspeed's responsibility.
FTX is also eyeing increase in the popularity of its exchange platform. It is common that even inactive accounts will become active with the success of the plan.
