According to Odaily, FZF Ventures, a firm specializing in blockchain and cryptocurrency market and ecosystem risk investments, has announced the establishment of a cryptocurrency fund in the first half of 2024. The firm has invested $12 million across 10 investment portfolios. The primary sectors involved include artificial intelligence, finance, RWA, and NFT.
The investment portfolios are Label Ai, Avalanche, Casper, DVISION, Smart Valor, Assemble Ai, CreBit (Ai), PHR (RWA), Climate101, Kita, and Artrix. FZF Ventures' move signifies its commitment to the growing blockchain and cryptocurrency market, and its belief in the potential of these sectors. The firm's investment in a diverse range of portfolios indicates its strategic approach to risk management in the volatile cryptocurrency market.
This investment also highlights the increasing interest and confidence in the cryptocurrency market from venture capital firms. The establishment of the cryptocurrency fund by FZF Ventures is expected to provide a significant boost to the portfolios it has invested in, and potentially stimulate further growth in the broader cryptocurrency market.
