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Framework Ventures Raised $400M Bringing AUM to $1.4B
Summary: Framework Ventures, a San Francisco-based venture capital firm, announced Tuesday in a series of tweets and a press release that they have raised $400 million for their third crypto fund, called “FVIII,” bringing their total assets under management to over $1.4 billion. Half of the capital raised will go toward blockchain gaming investments, while the ...
Framework Ventures, a San Francisco-based venture capital firm, announced Tuesday in a series of tweets and a press release that they have raised $400 million for their third crypto fund, called “FVIII,” bringing their total assets under management to over $1.4 billion.
Half of the capital raised will go toward blockchain gaming investments, while the other sum will go to web3 and decentralized finance (DeFi) as secondary areas of interest.
“Specifically, we think blockchain gaming is the best top of funnel opportunity for crypto over the next decade, and we are positioning ourselves accordingly,” Framework tweeted in their second tweet of the series.
They also noted that there are 3 billion active monthly gamers, making it the most consumed source of media on Earth. They anticipate that this number will grow in the future, also increasing the number of gamers on the blockchain. They predict at play-to-earn (P2E) games merge with triple-A (high-budget, high-profile) games, the experience will further attract new users.
In traditional P2E gaming, only the best players in the world have the opportunity to earn money. However, we are entering the area of P2E 2.0 where almost any user can earn crypto on the blockchain by playing blockchain-based games. This creates a broader level of entry to earn money/assets while playing.
As a result, Framework has already started investing in that sector, leading early rounds in Stardust, a gaming infra project and Illivium, a project with the potential to become the blockchain industry’s first triple-A game.
We've already started investing in this sector, leading early rounds in @Stardust, a gaming infra project, and @Illuvium, a project that appears poised to become the blockchain
industry's first triple-A game.
“We were born and raised in crypto,” Framework tweeted in one of their last messages. “This is not just some new and trendy coverage area for us. Whatever happens to this industry over the coming years, we'll still be there, working alongside our founders.”
The San Francisco-based firm was founded in 2019 with the belief that blockchain technology and the decentralized web represented the next major paradigm of computational technology. They are composed of technologists, researchers and investors who buy assets that build for and participate in open crypto networks.
Author: Tyler Irvin
