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# Ex-Binance executives launch $100 million crypto fund for Latin America and Africa
- URL: https://www.techloy.com/ex-binance-executives-launch-100-million-fund-dedicated-to-latin-america-and-africa/
- Published: 2022-05-26T16:32:31.000Z
- Updated: 2022-12-08T00:59:51.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: / Crypto, / Money, Tech in Africa, Tech in Latin America

[Old Fashion Research,]( Contact Old Fashion Research is a multi-strategy blockchain investment fund founded by executives from the world’s leading cryptocurrency exchange. Our Story We focus on value-added investments where we can deploy our expertise, resources and network to drive growth and success of ecosystems and their leading players.  Our investments cover early-stage incubation, venture capital, M&A and other special situations.  Our Team Our team brings a wealth of experience having worked with and for some of the most reputable companies in the crypto and financial services industries.   Ling Managing Partner  Wayne Managing Partner  JX Partner  Wei Strategic Advisor Our Investments We invest in promising companies, teams, and ideas that have the power to move the crypto ecosystem forward in a positive and meaningful way.                  And many other  Careers We’re always looking for talented people to join our team. Don’t see a match in our open roles? Feel free to submit a general application.   Investment Analyst %28DeFi Direction%29 Remote  Crypto Investment Analyst %28NFT/GameFi%29 Remote Industry Insights Having a wealth of experience in blockchain and crypto, we are sharing our thoughts on the current state and future of the industry.  How Arweave Will Change the Way You Think About Web3.0 Storage How Arweave Will Change the Way You Think About Web3.0 Storage Arweave is a block network whose goal is to achieve decentralised permanent storage for data. Arweave promises to provide users with at least 200 years of storage, and this goal is becoming clearer as the annual cost of storage decreases.  Read more Arweave —— Web3.0存储破局者 Arweave —— Web3.0存储破局者 Arweave是一个区块网络，其目标是为数据实现去中心化的永久存储。一次付费，终生使用也解决了用户需要不断订阅的繁琐过程。Arweave承诺可以为用户提供至少200年的存储服务，并且伴随着每年存储成本的下降，这一目标变得更越来越清晰。  Read more 跨链桥与不可能三角 —— 当我们聊跨链桥时，我们在聊什么 跨链桥与不可能三角 —— 当我们聊跨链桥时，我们在聊什么 随着多链生态的爆发，近半年来桥接以太的跨链协议上TVL也呈现出不断攀升的状态。然而，由于不同区块链系统之间存在不同通信协议、身份管理、共识机制及其他差异，跨链互通依旧面临着与经典的不可能三角相似的问题——即扩展性，安全性和去中心化程度。  Read more Contact us Projects seeking investments or advisory services: bp@ofr.asia  Potential investors and LPs: invest@ofr.asia  Individuals looking to join our team: hr@ofr.asia  We are old-school and fashionable. And yes, we do love to down a few Old Fashioneds every now and then!  © 2022 Old Fashion Research) a group founded in 2021 by the former executives of Binance has launched a $100 million fund to support crypto adoption and expansion in emerging markets– Latin America and Africa. 

- The funds will focus on supporting metaverse and cryptocurrency projects in the regions.
- The group has earlier invested in over 50 blockchain projects including Nansen, a blockchain analytics platform, WOO Network, a trading platform, and Metaverse Magna, an Africa-based gaming platform.
- WEMIX led the investment round with participation from traditional VC funds, family offices and angel investors.
- Ling Zhang, former vice president at Binance, and Wayne Fu, former head of corporate development at Binance founded the group.