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.”


Interesting NFTs
Portrait of the Artist in Digital Decay
Self Portrait taken in the East Village, January 2019. Stereoscopic Effect created with Facebook 3D photo, "painted" with neural imaging, then digitally pixelsorted. Single Edition Hi Res GIF Token by Sarah Zucker.
LemonGrass Lavender
Hey cutie! I'm LemonGrass Lavender. In high school, I was voted biggest teacher's pet. I was voted biggest teacher's pet in college. I can't wait to wake you up at 4am for seemingly no reason.
Who's in control?
In a society where everyone wants to control everyone, who's in control? "Who's in control?" is a mirror of a controlling society, a futuristic vision of a current reality. Artwork with three different states in all Layers (day, night and sunset) allows owners to make different combinations and show who is in control of this artwork! *** Scanning this artwork with the ARize app [https://arize.io/] will trigger an AR video experience*** ***Music used in the videoart by Midranger (feat. Holly Drummond) - "Unrequited" ***
The aquatic world in a world to observe, to recreate, like the glacial landscapes. Both are a planet within ours, full of colors in the tropical case or minimalist in the glacier case, with strange species and wonderful animals each in its environment. This visual toy brings you a piece of that world in a fantastic setting.
Tactical Cats
Tactical Cats Practical cats, dramatical cats.. Experience the lighthearted inner smile when you are purrfectly purrrple. The cat's meow of pick-me-up paints with swirling tails of joy as vivid as the swirling magentas, blues and purple. I was able to with this work quietly paint a tribute to memories of meeting fans and revisiting "old friends" within the paint itself. All while pretending to paint a version of catwoman for the audience. More on that in bonus material. This is an alternate animation made specifically for crypto art collectors. This NFT depicts the rare, unused in media: verified image. Mixed Media: Bio/Digital. Glycerin on 5'9" human skin 10-14 hours Performance art. Shot on Canon EOS RP. 16 + hours Photoshop and DaVinci Resolve. All Works are SFW. Art has been Seen on the front page of Reddit, Featured in the New York Times, Galileo.tv, and multiple other promotions including Twitch.tv, Disney Interactive, RIOT games, WB games, AMD and more! More on how this art is unique and potentially explosive in the NFT world: https://youtu.be/CXbNF2Y6srs ------------------------- The purchase of this NFT Grants the buyer unique bonus material. Physical mail Bonus Package: A Physical Art Print. Autographed from the Artist in 12x16. Please allow a few weeks for Delivery. Digital Bonus Package: This image in .mp4. An "About the Art" Video and an "From the Artist" introduction. A README.txt about the artwork with some personal notes and Links relevant to the artwork.