Old Fashion Research has been operating since late 2021, but it is now formally revealed. Old Fashion Research (OFR), a multi-strategy blockchain investment fund, has completed its maiden closure. OFR invested in approximately 50 blockchain projects in its first year, led by numerous former executives from Binance.
Old Fashion Research has come out of stealth mode, which it has been in since its founding in late 2021, according to an announcement. Since then, OFR has invested in over 50 firms across multiple markets, including WOO Network, Genopets, Metaverse Magna, MetaDerby, and ZetaChain.
Ling Zhang, the former Binance VP of mergers and acquisitions and investments, and Wayne Fu, the former Binance director of corporate development, formed the fund. Jiang Xin “JX,” who oversaw big investment agreements at Binance Labs and Launchpad, is now in charge of OFR’s venture arm. Zhang stated, “
“We are keen to seek founders who share the same long-term vision and passion for the crypto industry, and we are determined to grow with them together.”
OFR received funding from a number of prominent limited partners both within and outside the cryptocurrency sector. Wemix, a gaming platform supported by Wemade, a publicly traded leading gaming firm, is the lead investor.
Gang Wang’s family office, JUE Capital, which was an early investor in DiDi, and crypto wallet SafePal are among the other significant sponsors.
On May 25, a16z, a venture capital firm, announced the close of its fourth cryptocurrency fund, which raised $4.5 billion. Andreessen Horowitz announced the opening of its $2.2 billion Crypto Fund III less than a year ago.
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