Wednesday, May 25

Blockchain Founders Fund II, endowed with $75 million, supports a portfolio of P2E and Web3 projects By Cointelegraph


©Reuters. $75M Blockchain Founders Fund II Supports a Portfolio of P2E and Web3 Projects

Singapore-based Blockchain Founders Fund has launched a new venture capital fund to support emerging projects in the cryptocurrency, metaverse and Web3 sectors, offering further proof that investors remain willing to back major blockchain trends. growth in the digital asset market.

Blockchain Founders Fund II, also known as BFF II, has raised $75 million from a number of investors in the blockchain and crypto industry, including NEO Global Capital, Appworks, Baksh Capital, Octava, and Sebastien Borget, COO of The Sandbox. BFF II has already put capital into 11 projects, including a layer-two derivatives exchange, various play-to-win games, and a DeFi protocol.

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BFF II primarily focuses on cryptocurrency, Web3 blockchain, and metaverse projects. The fund is also set to offer another $5 million to successful startups that make it to subsequent funding rounds.

Read the full article on Cointelegraph

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