Crypto derivatives exchange FTX announced it has created a $2 billion fund to invest in crypto-industry startups.

Initially reported by the Wall Street Journal, citing Amy Wu, the Head of the fund later confirmed the news herself on Twitter.

The new fund, FTX Ventures instantly becomes one of the industry’s largest funds, with the full funding coming from FTX and its founder, Sam Bankman-Fried.

FTX Ventures is considering making investments in the range of  $100,000 up to hundreds of millions of dollars, depending on the opportunities that show up in the market.

Wu disclosed that the fund has a particular interest in crypto gaming companies, in addition to insurance and security products.

The post Crypto Exchange FTX Launches $2B Fund With Special Interest In Gaming appeared first on iGaming.org.

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