Just as the traditional financial world began to get used to the idea of a “cryptocurrency fund,” now we have to fight millions of dollars in funds for JPEG.
The latest is curated and a $ 30 million fund plans to invest exclusively NFT And supported by some of the biggest names in cryptocurrencies, Web3 Investment space including Marc Andreessen and Chris Dickson of Andreessen Horowitz, Reddit and Alexis Ohanian, founder of Sevensix Ventures.
NFT is unique token It can be used to show ownership of digital assets. They have become a popular way for digital artists to show off their talents and make a profit, and billions of people are now pouring into the world of NFT art. Last month alone, DappRadar saw more than $ 4 billion in NFT sales in addition to $ 21 billion in 2021. There seems to be growing interest in the market now among large mutual funds, including billionaire tech entrepreneurs like Andreessen.
Curated co-founder Todd GoldbergWhen Andrew Jean Yesterday, we announced the launch of the fund on Twitter.
According to a Twitter thread with a curated account, the fund is aimed at high signal collectors and has a long-term focus. “We still believe it’s very early!” Curated wrote. “We patiently wait for the right time to buy and plan to hold most of our assets for a long period of 5-10 years or more.”
1 / ⭐️ Some news ⭐️
Excited to announce @CuratedXYZOver $ 30 Million NFT Asset Fund Co-founded by @andrewjiang And me!
NFTs enable new ways to invest in culture on an internet scale. Curated collects top assets and helps the creators behind them. https://t.co/uPotwkb4OP
“We want to be a top collector of culturally and historically important assets,” Goldberg said. Decryption Via Twitter. “Ultimately, we hope that the history on the chain will be important. Besides pure collection, curating will help creators and builders,” he added.
Other projects that Curate will contribute to, according to Goldberg, include building open source tools and helping creators launch strategies. Smart contract Deployment. Smart contracts are programs that run when certain criteria are met and are used by networks such as Ethereum and Solana to create and trade NFTs.
According to Curate, $ 30 million is collected primarily from builders, creators and investors in the crypto community, and so-called good NFTs (that is, high-value ones) from “potential” creators and collections.
In addition to a16z, other VCs involved in curating include representatives of Electric Capital, Pantera, and Lattice Capital. Among the “builders and creators” involved in the new fund, Curate is with Shiva Rajaraman, Product Manager of the leading Ethereum NFT marketplace OpenSea, and Jack Lu, co-founder of Solana’s largest marketplace, Magic Eden. Zedd Yin is mentioned.
