After the volatile start of the week, Bitcoin and other major cryptocurrencies have become higher.
Today, Bitcoin prices are up 3.5% from yesterday’s lows. Ethereum prices up 2.3%, BNB
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Meanwhile, the non-fungible token (NFT) market has achieved breakthrough results. VaNeck, one of the world’s largest asset managers overseeing $ 85.5 billion in assets, has unveiled its first ever “NFT for Institutional Investors” collection called the VanEck Community NFT.
A total of 1000 NFTs will be airdropped on May 2nd, giving owners exclusive access to VanEck’s digital asset research, events, and other NFT-related benefits.
“VanEck Community NFT is designed to act like a digital membership card, giving NFT holders insights into a variety of events, digital asset research, and a comprehensive community of digital asset enthusiasts and investors. Exclusive access, “says Van Eck’s Matthew Bartlett.
[Ed note: Investing in crypto is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]
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During the pandemic, digital assets permeated Wall Street.
Like Caterpillar, Crypto King Bitcoin has changed from a speculative cocoon to a full-fledged asset. And in the light of reckless monetary policy, fund managers are increasingly adopting it as an alternative (or addition) to gold.
Ethereum is also on the Wall Street menu. According to a recent SEC filing, Goldman Sachs plans to offer institutional investors an easy and fluid option to trade this cryptocurrency on a large scale through a third-party digital asset fund.
Currently, huge amounts of money are being pushed into NFTs. VanEck has launched the first institutional collection of NFTs in history. Silicon Valley, on the other hand, “securitizes” NFTs by pooling them in investable funds.
The latest example is a $ 30 million fund called Curate. As TechCrunch reported, “Curated is dedicated to buying and holding NFT artwork. The fund is backed by who is a crypto investor, and LP has a significant amount of a16z’s investment team. Includes parts (Marc Andreessen, Chris Dixon, Andrew Chen, Ariana Simpson, John Lai are all sponsors), Alexis Ohanian, Justinkan, Electric Capital’s Avichal Garg and Curtis Spencer, and other investors and founders in this area. Host. “
Van Eck CEO Janvan Eck believes this is just the beginning. “Blockchain technology seems to revolutionize Wall Street completely. The only reason it takes time is probably regulatory agencies. The whole NFT phenomenon, I’m amazed at all the technologies. That’s positive,” he said. Said in bitcoin
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Future outlook
In just a few years, NFTs have grown into a $ 41 billion market. This is about the same size as the global art market. Experts believe that at this pace, the market could triple by 2030 if “blockchain JPEG” does not lose its stream.
But are NFTs worth the money?
Some experts say it’s yet another bubble of tear-ending collectibles like tulips, sports cards, or video game cartridges. Others believe that NFTs will revolutionize blockchain and change investment forever.
Anticipate crypto trends On the other hand, in the market …
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