The Big Money Move
Framework Labs, a notable player within the crypto investment arena, recently announced an impressive $8 million in seed funding. Led by Station 13, an investment firm passionately diving into blockchain’s potential within sports, media, and entertainment, this funding round is a significant step for the company.
Meet the Heavyweights
With these new funds, Framework Labs plans to expand its elite squad. They’ve already snagged some big names: Ray Pulver, the former CTO and co-founder of the decentralized exchange IDEX, and Roy Learner, previously a principal at Wavemaker Partners. Talk about a glow-up for their roster!
Innovative Investment Models
What sets Framework Labs apart? They’re not your typical venture capitalists! Founders Michael Anderson and Vance Spencer have concocted an investment framework called Network Capital, allowing them to get their hands in the DeFi pie at various developmental stages. This means they can not only invest but also incubate startups and even build cool applications atop existing protocols.
Why Isn’t Everyone Doing This?
Spencer pointedly remarked on the state of traditional investments, emphasizing that many are still playing catch-up in a rapidly-evolving scene. “It isn’t enough to just hold onto some tokens and watch from the sidelines,” he said. “DeFi requires action—active governance, product building, and innovative trading strategies make all the difference!”
An Evolving Landscape
As the crypto industry matures, the stakes get higher. The founders of Framework Labs, not only recognized for their savvy investments in Chainlink (LINK) and Synthetix but also known for their previous venture, Hashletes—a company that popularized NFT releases—are stepping into their next role as major liquidity providers on Uniswap, further solidifying their position in the market.
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