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$75M Blockchain Founders Fund II backs portfolio of P2E and Web3 projects -Breaking

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Blockchain Founders Fund in Singapore has opened a venture capital fund for emerging projects in cryptocurrency, metaverse, and Web3 areas. It is proving that investors still want to help major growth trends within the digital asset market.

Blockchain Founders Fund II (also known as BFF II) has raised $75 Million from various crypto and blockchain investors, such as NEO Global Capital and Appworks Capital. Octava is also involved and Sebastien Borget, chief operating officer of The Sandbox, was also involved. BFF II has deployed capital to 11 projects. This includes a Layer-two derivatives Exchange, many play-to earn games, and a DeFi protocol.