ChainCatcher news, former head of FTX Ventures and Menlo Ventures gaming partner Amy Wu stated on her social media that she has not stopped investing in crypto companies; on the contrary, she remains excited about blockchain applications and is always looking for founders who are creating novel consumer experiences.Currently, Amy Wu believes the most important points in Web3 consumer applications are: the ordinary audience is larger than crypto-native users; the team fundamentally understands the products that customers need/want/are willing to pay for; the launched tokens are neither the core product of the team nor monetizable; blockchain functionality is the core feature of the product; in other words, the product is not "a blockchain version of XX application" or "a XX application that issued tokens"; the login process is as smooth as other applications in the same category.

ChainCatcher news, Amy Wu, who previously served as the head of the FTX venture capital department, will join Menlo Ventures as a partner, focusing on investments in the consumer and gaming sectors.It is reported that Amy Wu was a partner at the venture capital firm Lightspeed and took over the position at FTX Ventures in January 2022. After FTX filed for bankruptcy last November, she resigned from FTX Ventures. (source link)

ChaiCatcher news, The Information reports that FTX Ventures head Amy Wu has resigned. Amy Wu joined the company in January this year to launch a fund expected to be worth $2 billion. Amy Wu said last week at the Lisbon Breakpoint conference that during the last cryptocurrency bull market, venture capital deals were rushed and conducted without proper due diligence.According to data from The Block Research, FTX Ventures and its sister company Alameda Research have invested in over 250 cryptocurrency industry startups. (source link)