TechFlow news — the FTX Future Fund has released an update on its progress and the funding models it is currently testing. To date, the fund has made 262 grants and investments totaling approximately $132 million.
Specifically, the fund has made 168 follow-on grants and investments totaling around $31 million. In open call funding, it received over 1,700 applications and funded 69 of them (4%), amounting to roughly $26 million. Employee-led grants and investments accounted for 25 initiatives with a total value of about $73 million.
FTX established the charitable FTX Future Fund in February this year, aiming to improve humanity's long-term future, with plans to allocate at least $100 million this year and deploy up to $1 billion.
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