Framework Ventures to launch a $400 million fund

The cryptocurrency-focused firm Framework Ventures has raised $400 million to establish a new investment fund.

1/ Framework Ventures has raised $400 million for our third crypto fund, dubbed “FVIII”, bringing our total AUM over $1.4 billion.

Approximately half, or $200 million, is earmarked for the rapidly growing blockchain gaming space.@business:https://t.co/Eg6mBaWJ70

— Framework Ventures (@hiFramework) April 19, 2022

About half of these funds will be directed to GameFi startups, in which the founders foresee explosive growth.

FVIII is the third fund launched by Framework Ventures in its two years of operation. The firm’s assets under management total $1.4 billion.

Framework Ventures’ portfolio includes well-known projects such as Aave, Chainlink, and Illuvium.

Earlier, ForkLog reported that the metaverse project The Sandbox plans to raise $400 million at a $4 billion valuation.

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