Framework Labs raised $8 million in a funding round

Framework Labs, a sister company to Framework Ventures, has raised $8 million in a new seed round.

Station 13, an investment firm focused on blockchain ventures related to sports, media and entertainment, led a fundraiser for Framework Labs. We managed to raise 8 million dollars. The framework will use these funds to expand its team of researchers, traders and engineers. The company has already hired former CTO and co-founder of decentralized exchange IDEX Ray Pulvear and former director at Wavemaker Partners Roy Learner.

According to an Aug. 27 report by Forbes, Framework Labs founders Michael Anderson and Vance Spencer have developed a new investment model called Network Capital that allows you to invest in DeFi companies in multiple stages.

Unlike venture capital firms, private equity firms and hedge funds that focus on investing in only one stage of development, Framework Labs will invest in different stages and will be able to incubate startups, provide liquidity and build new applications based on protocols .

Spencer explained the move towards DeFi by saying that the technology is "coming into effect on its own and starting to achieve product market fit to scale, but traditional investors are sleeping behind the wheel when it comes to category."

"It's not enough to just buy and hold tokens and provide 'mind leadership' - DeFi is not a spectator sport. Active participation, governance, building consumer products, and advanced trading strategies are all part of the complex process that makes the DeFi protocol successful."

The founders of Framework Labs have become prominent figures in the cryptocurrency space, with their largest investments outside of the core teams at Chainlink (LINK) and Synthetix. Prior to founding Framework Ventures in 2019, the couple created and sold Hashletes, an NFT token issuing company. The company is also the main liquidity provider on the decentralized Uniswap platform.