FTX Sets Up $2 Billion Fund with Focus on Crypto Startups
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Cryptocurrency exchange FTX has launched a $2 billion venture fund to invest in equity and/or tokens, at any check size and stage. While the requirements for funding remain unclear, FTX Ventures wrote in a blog post it is ready to back even anonymous developers.

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"We will not ask you to present in front of an investment committee," the announcement says.

The venture will focus on gaming, social, software, fintech, and healthcare. The $2 billion fund will also "occasionally" invest in startups outside of the cryptocurrency market.

Crypto Funds Were 20 Times More Profitable Than Traditional Funds in 2021

Earlier iHodl reported that ex-Twitter CEO, Jack Dorsey, launched a non-profit foundation aimed at protecting Bitcoin developers from legal harassment. The fund's first case will be the case of law firm ONTIER LLP, which has filed a lawsuit against Bitcoin developer Craig Wright on behalf of Tulip Trading Limited.

The foundation will initially be supported by volunteers and lawyers, and the foundation's board will be responsible for allocating resources. In addition to Dorsey, the board includes Chaincode Labs Co-Founder, Alex Morcos, and scientist Martin White.

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