FTX Foundation announces the establishment of the "FTX Future Fund" to inject funds into 35 areas, aiding global sustainable development.

According to the FTX Chinese community, the FTX Foundation established the Future Fund on the 1st, which aims to support startups and non-profit organizations in areas such as artificial intelligence, bio-weapon protection, post-disaster reconstruction, vaccines, food, big data, etc., to help sustainable development for all humanity and the planet.

FTX Foundation has donated over $18 million

The FTX Foundation was established in February last year, with FTX pledging to donate 1% of its platform fees to the FTX Foundation. According to the official website, the amount donated has now exceeded $18 million and continues to grow.

The Future Fund is not the first initiative of the FTX Foundation.

In July last year, the FTX Foundation established FTX Climate (FTX Climate), aiming to achieve four goals: fulfill the FTX carbon-neutral commitment, fund climate and environmental research and policies, fund carbon removal projects, and support other climate-related issues (such as recent donations for flood relief).

Last year, the FTX Foundation purchased 100,000 carbon credits in the voluntary carbon market from BurnStoves and provided funding for three years to the Honnold Foundation to install solar panels in areas most in need.