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.”
Arts
(0)
(0)
https://www.theblockcrypto.com/linked/109792/coinfund-set-to-launch-new-investment-vehicle-for-nfts
Interesting NFTs
Reflection
#XCOPY #GIF #screen #time #mirror
Fidenza #6
Fidenza is by far my most versatile algorithm to date. Although the program stays focused on structured curves and blocks, the varieties of scale, organization, texture, and color usage it can employ create a wide array of generative possibilities. Additional project feature(s) => Scale:Jumbo, Turbulence:Med, Colors:Party Time, Have Margin:No, Spiral:No, Soft Shapes:No, Super Blocks:No, Collision Check:No Overlap, Outlined:No, Shape Angles:Curved, Density:High
Marinalandia
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.
PASSION FOR LIFE - 7/19 Limited Edition
PASSION FOR LIFE - 7/19 Limited Edition - Please enable the sound - This NFT was inspired by some of the attributes of a woman. She is so beautiful, elegant, and delicate, but at the same time powerful and full of passion. She merges with the universe and creates life in many ways, represented in this artwork by the dispersion of her body. I first sculpted this piece by hand, then digitalized it and gave it life and movement. Limited Edition 7/19 IG @ArtistLeonardo
ˈSÄ-V(Ə-)RƏN-TĒ
"I'm not smart enough to be an astronaut."
That is what 7 year old Rayden told Micah the first time they met. How can a 7-year-old already feel limitations on his dreams?
For centuries, the black community has been the target of a system designed to limit their power, their earning potential, their dreams. Now is your opportunity to help destroy the system.
For the next 11 years, on each brother's birthday, (Rayden, Aug. 10/ Jacque Nov. 6), you the viewer, will be able to directly contribute Bitcoin to a wallet that will be given to each child upon turning 18. In what is one of the most powerful use cases for Bitcoin, 100% of your contributions and earnings will open all new doors for these special young men.