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Former Binance Executives Lead $100 Million Venture Fund


On Thursday, Previous Style Analysis (OFR), a multi-strategy  blockchain  funding fund, stated that it had launched a $100 million enterprise fund led by former Binance executives.

In line with a press launch shared with Finance Magnates, Ling Zhang, who was Binance’s Vice President for M&A and investments, is one in every of OFR’s founders. Zhang was concerned within the acquisition of FTX, WazirX, Swipe.io, Multicoin Capital, Tokocrypto, Chiliz, CertiK and others throughout his tenure on the firm.

OFR’s Founding Managing Accomplice, Wayne Fu, was previously the Head of Company Improvement at Binance. He’ll deliver his expertise in exchanges and ecosystem partnerships. Jiang Xin heads up the Enterprise division, which has invested in Axie Infinity, Moonbeam, Alpha Finance, amongst different startups.

Wei Zhou, the previous CFO of Binance and the brand new CEO of Cash.ph, which is the most important crypto pockets and  trade  within the Philippines, will serve each as a strategic advisor and investor in OFR.

“We’re very excited to return out of stealth with our new fund and assist construct the following technology of Net 3.0 dApps. The OFR crew has established strong data and a variety of expertise throughout M&A, funding and incubation from our earlier profitable portfolio constructing at Binance. Deep down, we’re a bunch of passionate builders, and we’re eager to hunt founders who share the identical long run imaginative and prescient and fervour of the crypto business, and we’re decided to develop with them collectively,” Zhang commented.

Different Restricted Companions Participated within the Fund

Restricted companions from each inside and out of doors the crypto ecosystem contributed to the funds raised by OFR. The main gaming firm, Wemade is the lead investor in Wemix, the worldwide gaming platform. A notable backer is Gang Wang’s household workplace, JUE Capital, which additionally invested in DiDi and SafePal, a crypto pockets.

On Thursday, Previous Style Analysis (OFR), a multi-strategy  blockchain  funding fund, stated that it had launched a $100 million enterprise fund led by former Binance executives.

In line with a press launch shared with Finance Magnates, Ling Zhang, who was Binance’s Vice President for M&A and investments, is one in every of OFR’s founders. Zhang was concerned within the acquisition of FTX, WazirX, Swipe.io, Multicoin Capital, Tokocrypto, Chiliz, CertiK and others throughout his tenure on the firm.

OFR’s Founding Managing Accomplice, Wayne Fu, was previously the Head of Company Improvement at Binance. He’ll deliver his expertise in exchanges and ecosystem partnerships. Jiang Xin heads up the Enterprise division, which has invested in Axie Infinity, Moonbeam, Alpha Finance, amongst different startups.

Wei Zhou, the previous CFO of Binance and the brand new CEO of Cash.ph, which is the most important crypto pockets and  trade  within the Philippines, will serve each as a strategic advisor and investor in OFR.

“We’re very excited to return out of stealth with our new fund and assist construct the following technology of Net 3.0 dApps. The OFR crew has established strong data and a variety of expertise throughout M&A, funding and incubation from our earlier profitable portfolio constructing at Binance. Deep down, we’re a bunch of passionate builders, and we’re eager to hunt founders who share the identical long run imaginative and prescient and fervour of the crypto business, and we’re decided to develop with them collectively,” Zhang commented.

Different Restricted Companions Participated within the Fund

Restricted companions from each inside and out of doors the crypto ecosystem contributed to the funds raised by OFR. The main gaming firm, Wemade is the lead investor in Wemix, the worldwide gaming platform. A notable backer is Gang Wang’s household workplace, JUE Capital, which additionally invested in DiDi and SafePal, a crypto pockets.



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