Former Binance Execs Bag Whopping $100M for Old Fashion Research
2022.05.26 15:35
Former Binance Execs Bag Whopping $100M for Old Fashion Research
- Blockchain investment firm Old Fashion Research has raised $100 million in funding.
- Wemix and JUE Capital were among the limited partners who invested in OFR.
- OFR founders are former Binance executives.
For the first time since its founding, Old Fashion Research (OFR), a multi-strategy blockchain investment firm, comes out of the shadows, raising $100 million to build the next generation of Web 3.0 decentralized applications (dapps).
In a release shared with CoinQuora, OFR secured the venture fund from major limited partners from within and outside the blockchain and crypto industry. The investment round was led by Wemix, a global gaming platform backed by Wemade.
JUE Capital of the Gang Wang family office was also one of the OFR backers behind the venture fund. JUE Capital was the founding investor at DiDi, a Chinese transport company, and crypto wallet Safepal.
According to JUE Capital, they chose to invest in OFR for its proven track record and experience of its key executives. Notably, OFR is spearheaded by former Binance senior leaders who …
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