FTX Cryptocurrency Trading Site Announcing a $1 billion fund which will invest in “Ambitious project to improve the long-term opportunities of humanity”
The “Future Fund”, part of FTX’s FTX Foundation, will invest at least $100 million this year. But can invest $1 billion depending on the opportunities found.” followFTX Monday’s statement
The fund will be under the FTX Foundation, a charitable organization funded primarily by CEO Sam Bankman-Fried. FTX There was also significant support from Caroline Ellison, Co-CEO of Alameda Research, Gary Wang, FTX Co-Founder and Chief Technology Officer, and Nishad Singh, Head of Engineering at FTX.
“Today there are billions of people alive.” Bankman-Fried TweetT “There are millions of people who can live well if we leave a better world for our children.”
The team has compiled a list of possible projects. 38 projects This includes safe AI development, biochemical disaster risk reduction. and end global poverty
“Our focus areas include safe AI development, disaster bio-risk mitigation, institutional improvement, economic growth, altruism and others,” the statement said.
FTX is a popular cryptocurrency and derivatives exchange. It has the second highest 24-hour futures trading volume after Binance.
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