When Crypto exchange FTX launches $2

Its efforts to grow the entire crypto space that is the subject of today's crypto corner segment presented by  and not just uh growing the space with little efforts but two billion dollars worth of firepower here to invest in a web 3 and other crypto projects and bringing on an extreme power player in the crypto space as well in light speed uh venture partners uh head  is now going to be leading that fund of two billion dollars she joins us here  head adventure and commercial the new title think uh  if 'm reading that correctly here but nonetheless uh interesting to pair the dots as he kind of led the round uh in  before now joining to run this one mean what are the goals here with two billion dollars to put to work yeah super excited to join  we're launching  ventures today thanks for having me on uh what we want to do with the two billion dollar first fund is we want to back great teams in the crypto and web 3 space predominantly we're looking to be strategic capital and leverage our very large sort of resources and also expertise in crypto and on exchange side also and the engineering side with the projects and teams that we get to work with and also to be really flexible capital uh we don't have external partners in the fund so we can write a check of pretty much any size like 100 000 500 million dollars and um at any stage of company as well we're you know long-term thinkers and um and partners here and are super excited to get to work with  builders it might be might be the best job uh to highlight here in terms of also on top of this you know we know  is building the compound down in the  now you're down there too but when it comes to guess what has you most excited  the crypto space you know play to earn in gaming mean  do you think right now is maybe the biggest sector or piece of crypto to watch in 2022 you'll be chasing yeah mean the interesting thing is um crypto is still early you know there's um on the order of still would say under 20 million people that are actively trading in d fights and um you know a few hundred million people who are holding crypto uh  so in  we're looking to invest cross-sector so areas really excited about uh web 3 gaming uh would say d5 sort of um what's going on in the ecosystems across l1 um certainly  newer categories like healthcare exploring blockchain as well  we're really excited to invest across the board yeah let's talk a bit more about health care what kind of adoption do you see  mean we've seen so much money pour into this space now you've got two billion dollars that you can deploy what do you see what applications do you see in health care it's super early would say in healthcare right  mean you have a regulated industry in crypto you have very regulated industry in healthcare as well so  think that one school's still gonna be really early obviously you know with smart chain technologies  a lot of ways to be adopted in healthcare we're going to be looking across applications and also life sciences uh got a weird one here for you but just kind of reflecting on what web 3 really means and kind of the way that some of those projects have been built out it does kind of seem odd to see venture now kind of playing into this space of course we've kind of seen some crypto twitter spats between  and other people in crypto venture but what does it look like mean what is kind of the mandate assume in building all this out you know it's not necessarily all about profit or returns but also kind of how big you can grow the space and  an outside of the box thinker so mean what is really guess the goal as you calculate it well  would say  mean there's the  schools then you know our venture team's goals on  you know we want to power the financial services and um and also users of crypto would say both individuals  companies as well mean today it's the second you know  crypto exchange and also um you know depending on how you look at it then the company in the last year has also built out the wallets uh payments infrastructure we're looking at other categories as well so think we're well go um on the way to becoming a super app for users uh  interacting with crypto across the ecosystem and also as a platform a middleware infrastructure platform for companies web 2 and otherwise who are looking to build into web3 and um and on blockchains as well and so both  and also ventures is looking to accelerate this vision and uh you know support companies in the ecosystem that share this vision yeah lastly guess it's just a follow-up to that question too you know  a lot of ways to raise money now in the web free space we've seen that with kind of crowd funds and tokenizing some of your efforts out there but guess that would kind of overlook what the  team and what you and your in your career at  kind of brings to the table and what you get from a  in terms of guidance and stuff like that so  mean how active is that to be a piece of guess the offering here as  launches this fund it's really important was saying that early you know the last five years in crypto there's been a lot of index funds um you know there was  tide of uh you know lifting a lot of boats sector but think we're moving into a next phase in which funds and investors and partners really need to differentiate themselves in terms of the value they bring to the table and so you know it's everything from being that 2 a.m call from a founder who really needs some critical advice on a decision they're making to thinking through how they're designing a protocol security for a protocol also you know go to market how to reach users you know leveraging the experience that we're seeing across the portfolio and also with itself and so you know we're launching with a team of eight people all very experienced in this in a space you know we're all sort of ready for um at a team's disposal to be able to support them in building their business.