Framework Ventures Backs Synthetix

Framework Ventures Backs Synthetix

Framework Ventures Backs Synthetix Synthetix is extremely excited to announce that framework ventures has backed the project by purchasing snx tokens. the majority of these tokens are escrowed for up to 24 months, demonstrating the long term commitment to the project. Framework ventures, a prominent thesis driven crypto venture firm, has made a significant move in the synthetix (snx) market. known as the largest holder and investor in synthetix, the firm deposited 6.5 million snx tokens (valued at $19.6 million) into coinbase prime.

Synthetix Blog

Synthetix Blog Framework ventures, a prominent thesis driven crypto venture firm, has made a significant move in the synthetix (snx) market. known as the largest holder and investor in synthetix, the firm deposited 6.5 million snx tokens (valued at $19.6 million) into coinbase prime. Whether this deposit signals a partial exit or a tactical reshuffling of assets, framework ventures remains a pivotal player in shaping the synthetix ecosystem and the broader cryptocurrency. Despite market fluctuations, framework ventures has remained steadfast in its support of synthetix, even during periods of price decline. currently, framework ventures maintains a significant stake in synthetix, holding 17.3 million snx tokens, equivalent to 5.27% of the total supply. We’re a san francisco based, crypto native venture firm searching for winning founders in defi, stablecoins, ai, and blockchain infrastructure. we’re high conviction investors who lead early stage rounds, and our check sizes typically range from $250k to $40 million.

Synthetix Blog

Synthetix Blog Despite market fluctuations, framework ventures has remained steadfast in its support of synthetix, even during periods of price decline. currently, framework ventures maintains a significant stake in synthetix, holding 17.3 million snx tokens, equivalent to 5.27% of the total supply. We’re a san francisco based, crypto native venture firm searching for winning founders in defi, stablecoins, ai, and blockchain infrastructure. we’re high conviction investors who lead early stage rounds, and our check sizes typically range from $250k to $40 million. In a notable transaction within the cryptocurrency sphere, framework ventures, a prominent venture capital firm and the largest holder of synthetix network token (snx), has demonstrated adept market timing with its latest financial maneuver involving the token. Notably, this is the first time framework ventures, an investor in synthetix, has ever accumulated snx from a cex. all of their previous snx tokens came from vesting. Framework ventures’ involvement with synthetix dates back to their investment in the project. the firm has been actively managing its snx holdings, having vested 24 million snx tokens across both the ethereum and optimism chains since october 29, 2021. Framework ventures, major investors behind chainlink and synthetix, launched framework labs in stealth mode. the defi lab just raised $8 million for its public unveiling.

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