According to Foresight News, Oak Grove Ventures disclosed that Ethan Wang, former Libra technical director and founding team member, has joined Oak Grove Ventures as a technical partner. In addition, Michael Li, former Coinbase vice president and LinkedIn data science director, has joined Oak Grove Ventures as a technical advisor. Previously, former Harmony co-founder and CTO RJ Lan also joined Oak Grove Ventures.

Oak Grove Ventures, formerly a family office, was officially announced in September this year. It currently manages US$60 million in funds and focuses on early-stage project investments in cutting-edge technology fields such as Web3, artificial intelligence (AI) and biotechnology.