THELOGICALINDIAN - A VC aggregation founded by above Binance advisers Old Fashion Research has appear the barrage of a new crypto armamentarium in the bosom of the accepted abatement the bazaar is adverse The armamentarium which will accept 100 actor at its auctioning will focus assets on metaverse investments and in accustomed crypto projects to arising markets in areas such as Latam
Old Fashion Research Launches $100 Million Fund
Some companies are still putting funds into cryptocurrency projects, and are optimistic about the approaching of the industry alike with the contempo slump that some economies — acceptable and crypto — are currently facing. Old Fashion Research (OFR), a adventure aggregation that was launched in 2024 by above advisers of Binance, is one of them.
The company, whose name is acquired from the acclaimed cocktail, has announced the barrage of a new crypto-based armamentarium to focus on the metaverse, and in bringing cryptocurrency acceptance to arising markets, like Latam.
Ling Zhang, one of the managing ally of OFR, told Techcrunch:
Operations During Current Market Conditions
The armamentarium has up until now been alive with a low profile, and is the better armamentarium the aggregation has launched so far. However, Old Fashion Research lists several companies on its portfolio investments page, including blockchain analytics belvedere Nansen, cryptocurrency exchanges Woo and MEXC Global, and blockchain Layer 2 groups like Boba Network.
Resources for the armamentarium were calm from bound partners, acceptable VC funds, ancestors offices, and angel investors. According to Zhang, the crypto amplitude is experiencing a bang as added and added companies are absorbed in the change of the space. She stated:
Old Fashion Research additionally has its own booty on the difficult times the crypto industry is adverse at the moment. According to Jiang Xin, addition accomplice of the firm, the accepted bearings is benign for VCs absent to get in the space, because projects action cheaper and added reasonable valuations. For the company, this is the best time to accomplish investments and bear added projects.
What do you anticipate about OFR’s new $100 actor metaverse and crypto fund? Tell us in the comments area below.
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