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.