San Francisco-based Framework Ventures has announced a $400 million fund to establish and expand its presence in the blockchain gaming sector.
Co-founders Vance Spencer and Michael Anderson sat down with Frank Chaparro, host of The Scoop, to discuss the new fund’s investment thesis. A key topic was how blockchain games are reaching the point of appealing to the mass market.
However, Framework Ventures is not alone in recognizing blockchain’s potential in crypto. Other venture firms, such as South Korea’s Hashed, have told The Scoop they are pursuing similarly ambitious goals—Hashed has raised a $200 million fund focused on blockchain gaming—highlighting growing interest across the industry.
What to know about Framework
Framework Labs was founded in 2019 and expanded in 2020 with $8 million raised to support the team’s research and a paper on “network capital.” The network capital concept emerged as venture investors discovered new opportunities to participate on-chain and to help protocols communicate, thrive, decentralize, and achieve goals more effectively.
Notably, Framework Labs operates one of the top Chainlink node and indexer nodes, supplying 201 different feeds to a variety of applications across multiple chains. In addition, Framework’s infrastructure and services are actively used across numerous on-chain activities and are frequently utilized by DeFi services.