October 4, 2022
Former Binance Executives Create $100 million Crypto Fund

A group of former executives from one of the largest global cryptocurrency exchanges Binance has created a $100 million venture fund, according to company officials.

Old Fashion Research (OFR) was founded in late 2021 by managing partners Ling Zhang, who was formerly the vice president of M&A and investments at Binance, and Wayne Fu, former head of corporate development at the crypto exchange.

“We are very Southern Hemisphere-focused. We will go after all of the emerging markets, but it’s our goal and vision to accelerate adoption there,” Zhang said, speaking to TechCrunch.

To date, the project was operating in stealth mode but has invested in over 50 blockchain projects, including blockchain analytics platform Nansen, trading platform WOO Network, move-to-earn NFT game Genopets, and Africa’s largest gaming community, Metaverse Magna.

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