Sunday, December 10, 2023

FTX launches Future Fund, plans to distribute $100 million in 2022

FTX, a derivatives exchange platform, has launched its ambitious Future Fund program to improve humanity’s long-term prospects. It intends to distribute at least $100 million this year alone.

The platform has a long list of project ideas that it wants to fund, but it is open to a broad range of ideas. FTX is accepting applications for the funding round which is open to non-profits and for-profits organizations. The organizations have to be interested to launch one of the proposed projects or have a similar idea for a project in FTX’s areas of interest. It should be aligned with the platform’s mission.

FTX highlighted its areas of interest as the safe development of artificial intelligence, reducing catastrophic biorisk, improving institutions and economic growth, as well as effective altruism, great power relations, and more.

FTX wants to start with highly decentralized approaches that can be tested quickly and produce a lot of output with limited time investment. It wants the strategies to give others opportunities to over blindspots. The platform highlighted that if the projects work well, they will be scaled. But if big projects fail, FTX will draw lessons and strong conviction to try something entirely different.

According to the Future Fund portal, this initiative is part of the FTX Foundation – a philanthropic foundation that is funded primarily by Sam Bankman-Fried. It is also funded by contributions from Caroline Ellison, Gary Wang, and Nishad Singh.

Cryptured Team
Cryptured Team
The writers team at is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.

Most Popular