Institutional NFT Interest Heats

After waving to the non-fungible token (NFT) community for a few weeks with a hot purchase, Zhu Su’s crypto venture capital (VC) company, Three Arrows Capital, is officially entering the space with its launch. .. From Starry Night Capital, a dedicated NFT fund.
In today’s tweet, pseudonym NFT collector Vincent Van Dough announced the fund, and in addition to investing in art and collectibles, the fund launched the “NFT Education Portal” to promote emerging artists and the NFT Gallery. Said to create a physical space for. By the end of the year in a “big city”.

Prior to the announcement, NFT fans watched Three Arrows’ NFT wallet carefully while the investment company was collecting assets from popular historic NFT collections such as CryptoPunks and Ringers.
Read more: The NFT Sparkle Market remains “healthy” while developers own or reinvest ETH: Nansen

Last Friday, the company made a sensation by buying “The Golden Goose,” a procedurally produced work by artist Dmitri Cherniak, for 1,800 Ethereum (ETH, 1.30%), or just under $ 6 million.

Three Arrows is not the only crypto VC that enters the NFT space. Research, investment and consulting firm Delphi Digital announced the launch of InfiNFT in May in partnership with brand name Gmoney. In 2020, Delphi will also establish itself in NFTs by acquiring the rare “mysterious” NFT, Axie Infinity.

Immediately after the launch of Starry Night, three Art Blocks NFTs, including Ringer, A Fidenza and Subscape, were obtained for a total of 614 ETH at addresses associated with Sam Bankman-Fried’s Alameda Research office, according to data from online analytics firm Nansen. Or over $ 2 million.

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