28/06/2021 CoinFund set to launch new investment vehicle for NFTs
CoinFund is doubling down on the non-fungible token (NFT) market with a new investment vehicle, head of portfolio growth Vanessa Grellet revealed on the most recent episode of The Scoop.
Dubbed Metaversal, the new vehicle will serve as both a way for investors to bet on the overall market and as a development studio for NFT companies.
CoinFund has been one of the NFT market's most prominent bulls to date. Now it's launching Metaversal despite the recent slump in usage across platforms for trading blockchain-based collectibles NFT-based art and other assets.
Grellet said despite the slump there's still "so much demand."
"Even though you see a slowing down in the consumption, I think we are going to see a lot of tools around lending, around the financialization of NFTs that are going to make the NFT space even larger than other spaces like DeFi, etcetera," she said.
CoinFund has already been very active in NFT market. The firm led Rarible's $14 million fundraise, which was announced earlier this month. It is also an investor in Dapper Labs, Genies, and NFTfi, according to its website.
The NFT market saw breakneck growth earlier this year, with weekly trade volume soaring to nearly $200 million in late February. It stood at around $40 million the week of June 20.
"NFTs are so much more than just the art, they’re so much more than just collectibles, think about contracts, think about other aspects of your life that are unique, anything that you can create an NFT out of," Grellet said. "So the sky's the limit.”
Dubbed Metaversal, the new vehicle will serve as both a way for investors to bet on the overall market and as a development studio for NFT companies.
CoinFund has been one of the NFT market's most prominent bulls to date. Now it's launching Metaversal despite the recent slump in usage across platforms for trading blockchain-based collectibles NFT-based art and other assets.
Grellet said despite the slump there's still "so much demand."
"Even though you see a slowing down in the consumption, I think we are going to see a lot of tools around lending, around the financialization of NFTs that are going to make the NFT space even larger than other spaces like DeFi, etcetera," she said.
CoinFund has already been very active in NFT market. The firm led Rarible's $14 million fundraise, which was announced earlier this month. It is also an investor in Dapper Labs, Genies, and NFTfi, according to its website.
The NFT market saw breakneck growth earlier this year, with weekly trade volume soaring to nearly $200 million in late February. It stood at around $40 million the week of June 20.
"NFTs are so much more than just the art, they’re so much more than just collectibles, think about contracts, think about other aspects of your life that are unique, anything that you can create an NFT out of," Grellet said. "So the sky's the limit.”
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https://www.theblockcrypto.com/linked/109792/coinfund-set-to-launch-new-investment-vehicle-for-nfts
Interesting NFTs
Stay Free (Edward Snowden, 2021)
This unique, signed work combines the entirety of a landmark court decision ruling the National Security Agency's mass surveillance violated the law, with the iconic portrait of the whistleblower by Platon (used with permission). It is the only known NFT produced by Snowden. Produced using open source software. This auction is on behalf of Freedom of the Press Foundation. https://www.aclu.org/press-releases/appeals-court-strikes-down-nsa-phone-spying-program-aclu-lawsuit
Playtime At Le Mans
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A creation which focuses on minimalism and the beautiful characteristics of the famous Le Mans Porsche 917K.
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Bored Ape Yacht Club #7090
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#10447
By
OthersideDeployer
Who Is The Creator 2
The idea for this piece was borne out of a tweet of mine that caused a bit of a stir. I’d posted a link to a blog article I’d written a number of months previous titled ‘Who is the Creator’ discussing various types of creative collaborations and why I hire people to work on my animations. It generated a lot of debate around creation and attribution with the community split on whether it’s right or wrong for an artist to hire other professionals to help them realize their art projects.
I decided to push the boundaries even further and see how the cryptoart community responded. What if I quite literally had nothing to do with the physical or digital elements of the work other than coming up with the concept and coordinating it?
I decided there was one artist in the space who could add huge value to this idea on levels that none other could and so I gathered my courage and contacted the great José Delbo to ask him if he’d be interested in a very unique collaboration. I explained to him that to make this piece ‘work’ he couldn't have any say in what I produced and moreover, he wouldn’t even be allowed to see the animation until it was dropped on MakersPlace. To my surprise, Mr Delbo agreed to my proposal.
The animation tells the story of the creative process, which includes my roles as writer, director, and producer working with a team and making edits and changes ‘in real time’. The dialogue between myself and my ‘hired guns’ plays out in front of the viewer. The music written for the piece adds to the nostalgia of the comic book superhero theme but other elements such as the snapping and kicking of the pencil and the signing of my signature at the bottom incorporates further layers and challenges the viewer to ask important questions, such as, is the ‘Art’ the final animation (the creation) or is the ‘Art’ the concept/credit for the creation itself?