US-based Framework Ventures, the largest venture capital fund investing in blockchain-based decentralised finance, said it raised $100 million for its second fund, with participation from big US institutional investors. The company said it has been the largest liquidity provider for some of the top so-called “DeFi” projects that facilitate crypto-denominated lending outside traditional banking. Funds raised by Framework will support several DeFi tokens and applications as well as centralised projects experimenting on DeFi blockchains and services. “This fund is really about the maturation of crypto into this larger than DeFi mass market consumer application,” Spencer said. Framework plans to invest in fringe areas of decentralised tech, delving deeper into more exploratory projects, including non-fungible tokens (NFTs).

Source: The Express Tribune May 16, 2021 04:07 UTC