Old Fashion Research (OFR), the investment fund of ex-Binance CEOs
It has been operating under the radar since its inception at the end of 2021, and Ancient Fashion Research Investment Fundmade up of ex-Binance officials, has just surfaced:
We are pleased to announce the launch of a $100 million multi-strategy fund. OFR is dedicated to helping build the next generation of Web 3.0 dApps and protocols. https://t.co/17rjMwQIhf
—Old Fashion Research (ofrfund) 26 May 2022
Thus the OF Raising $100 Million, which will be allocated in Web3 Youth Projects. If the first round of the table does not see the usual big money of the blockchain world, it is nonetheless significant Majority stake in Wemix. This company is actually the blockchain arm of Wemade Entertainment, a publicly traded South Korean video game group.
Since the launch of OFR, these are the More than fifty initiativesthat got financing. This includes for example blockchain games, Genopets and MetaDerby.
Ling Chang, Old Binance frameworkToday, one of the company’s founders expressed confidence in the future of this new investment fund:
“We are very excited to step out of the shadows with our new fund and help build the next generation of Web 3.0 dApps. The OFR team has gained solid knowledge and a broad range of experience in M&A, investment and incubation. […] in Binance. »
👉 Going Forward – Find Our Video On Playing Games To Earn
A year marked by fundraising
Since the beginning of the year, we’ve seen so many fundraisers that it would be hard to name them all. This week again, we learned that a16z was allocating $4.5 billion in new capital, with the goal of New fundraising campaigns.
These dynamics are a good sign of the period of uncertainty we live in. Because we can actually do it during downturns Best Deals. In addition, many projects are developing new products, which, perhaps, will perform in the next round.
The announcement by the Old Fashion Research Fund underscores that the attractiveness of major investors in the ecosystem has not diminished. Let’s not forget that despite the low prices, Basics List and technology, continues to evolve.
👉 Also in the news – Kongregate and Immutable launch $40 million for blockchain games
Source: Old Fashion Research
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