776 Management reaches a milestone of $ 750 million AUM

The financing takes place at a time when many others were completed by companies in the blockchain area last month. This indicates a growing interest of venture capital companies in the industry, although the general mood is pessimistic.

Although 776 management was founded almost two years ago, it has already invested in a number of big names, including the Lolli premium application, Sky Mavis (the blockchain gaming company behind Axie Infinity) and the crypto portfolio manager Cointracker.

ohanian jokingly expressed his disappointment that he had not reached the $ 776 million mark in the first full year. The number is symbolic because it represents the year in which the first Olympic Games took place.

The FTX exchange completes an increase in the amount of $ 400 million in order to achieve an evaluation of $ 32 billion

On Monday, cryptocurrency derivatives swap FTX from uncovered that it had taken $ 400 million from its financing round of the series C. However, the raised funds remain behind the amount that Bankman-Fried according to A Coindesk test report .

The exchange showed that one would concentrate on expansion plans and the entry into new markets by acquiring the necessary licenses.

"FTX will continue to work with the supervisory authorities to make access to digital assets easier and more conformly. We look forward to working with our investors to fulfill our mission and continue our enormous growth in 2022 and beyond."

The FTX increases four months after completing a series B round of $ 42o million, which rose its market value to $ 25 billion. The first external capital increase for his US subsidiary Börse FTX.Us, which earned $ 400 million. The assessment of the latter is currently $ 8 billion.