Framework Ventures allocates half of $400M fund to Web3 gaming

Cointelegraph

Published Apr 19, 2022 05:32PM ET

Updated Apr 19, 2022 07:20PM ET

Crypto-focused venture firm Framework Ventures has raised $400 million in new funding to invest in early-stage companies across the Web3, blockchain gaming and decentralized finance (DeFi) industries.

The completed raise will go towards “FVIII,” an oversubscribed fund worth $400 million, the company announced Tuesday. Approximately $200 million of that total will be allocated to the emerging blockchain gaming industry.

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