Framework Ventures Launches $400M Fund To Back Web3 Gaming And DeFI
Framework announced the completed raise of “FVIII”, an oversubscribed $400 million fund for investment in early-stage blockchain gaming, Web3, and DeFi startups and networks. With the closing of this third fund, Framework Ventures now manages approximately $1.4 billion in assets, not including our sister company, Framework Labs.
Guiding FVIII is the belief that Framework stand at the precipice of hyper-growth for consumer blockchain applications. They have deep conviction that the products being built today are the ones that will open the floodgates to billions of new users over the next decade and become the next software leaders.
It has taken almost 10 years of technology maturation, iteration, and failure to get blockchains ready for their consumer moment, but Framework believe it is now here. Developer tools have collapsed build time to months instead of years, blockchains have scaled to <20c tx fees across multiple chains, and wallets have improved to the point where onboarding 1Bn+ users is feasible. Blockchain technology is finally catching up to meet a demand that has, until recently, been only hypothetical.
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Framework Ventuures is a thesis driven venture firm that builds alongside with its founders.
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