A major blockchain investment firm emerges from the shadows. Old Fashion Research leaves stealth mode, in which it has been operating since its foundation in late 2021 while putting money in more than 50 companies in different markets.
Multi-strategy blockchain investment fund Old Fashion Research has completed its first close. Led by several former executives from Binance, OFR invested in over 50 blockchain projects in its first year.
According to an announcement, Old Fashion Research is now coming out of stealth mode, in which it has been operating since its foundation in late 2021. Since that time, OFR put money in more than 50 companies in different markets, such as WOO Network, Genopets, Metaverse Magna, MetaDerby and ZetaChain.
The fund was founded by Ling Zhang, the former vice president of mergers and acquisitions, and investments at Binance; and Wayne Fu, former Binace head of corporate development. Jiang Xin “JX” who led Binance Labs’ and Launchpad’s major investment deals, is heading OFR’s venture arm. Zhang said: We are keen to seek founders who share the same long-term vision and passion for the crypto industry, and we are determined to grow with them together.”OFR raised funds from a number of major limited partners from inside and outside the crypto industry. The lead investor is gaming platform Wemix, backed by the listed leading gaming company Wemade. Other notable backers include the family office of Gang Wang, JUE Capital, who was the founding investor at DiDi and crypto wallet SafePal.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Former Binance Execs Create $100M Fund to Spur Crypto Adoption in Emerging Markets: ReportA group of former Binance executives have created a $100 million venture fund, according to a report. Old Fashion Research will focus on the metaverse and bringing greater crypto adoption to emerging markets. JamieCrawleyCD reports
Read more »
Former Binance Executives Launch $100M Fund for Blockchain StartupsAccording to the founders, the fund, which has been in stealth mode since its launch last year, will help build the next generation of Web 3.0 dApps.
Read more »
50 TikTok Fashion Influencers With Endless Outfit Ideas and Style HacksFollow these 50 TikTok fashion influencers for the best hacks, outfit ideas, style inspiration, and takes on the latest fashion trends.
Read more »
AUD/NZD nosedives below 1.0940 as RBNZ announces an interest rate hike by 50 bpsThe AUD/NZD pair has been offered strongly by the market participants after the Reserve Bank of New Zealand (RBNZ) announced a rate hike by 50 basis p
Read more »
TotalEnergies to Buy 50% of US Renewables Company ClearwayBy Cecilia Butini TotalEnergies said Wednesday that it has agreed to buy 50% of U.S.-based renewable energy company Clearway Energy Group from Global...
Read more »
Silver Price Analysis: XAG/USD bears flirt with 50% Fibo./100-hour SMA confluence supportSilver Price Analysis: XAG/USD bears flirt with 50% Fibo./100-hour SMA confluence support By HareshMenghani Silver Commodities Technical Analysis XAGUSD
Read more »