Framework Ventures co-founder says DeFi gives hope following FTX collapse

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Michael Anderson, co-founder of Framework Ventures, said that FTX's downfall will heighten the need for regulation but also make venture capitalists more interested in investing in Defi.

Anderson said that Defi is the only way that financial services can be done in thecryptocurrencies. It makes us believe that the things we are pushing for are the right things to be working on.

About half of the $400 million third fund was dedicated to web3 gaming. The majority of the pitches the firm gets are related to gaming. The recent situation with FTX has the firm doubling and tripling down on everything it believes in.

While some firms have lost capital on the FTX exchange, the firm had no exposure, according to the co- founder of Framework.

Anderson said that regulation is not something we should be opposed to. The removal of former FTX CEO Sam Bankman-Fried from the table will allow us to get more vocal about the pros and cons of centralized finance.