Individual NFTs will be purchased by the fund, which has raised $50 million from investors

Arca, a crypto asset management firm, has closed a $50 million fund dedicated to individual NFT investments.

In a news release issued on Thursday, the company stated that it would concentrate on individual NFTs because many of them have instant cash flows and returns, as well as unique qualities that benefit the token holder directly.

The fund was oversubscribed and has a maximum of $50 million.

Alethea, CXIP, Portals, Raremint, and Recur are among the existing investments.

Digital property, in-game assets, passive income generators, art and collectibles, DeFi integrated NFTs, utility and reward based NFTs, AI NFTs, identification tokens, and royalty streams will all be acquired in the future.

The fund will also invest in the ecosystem’s underlying tokens, including as gaming assets, infrastructure, metaverse-related tokens, and utility tokens, which help to shape the fabric of the expanding NFT economy.

Portfolio Manager Sasha Fleyshman will work under the supervision of CIO Jeff Dorman.

Arca’s Endeavor Fund, an early-stage, closed-end venture fund focusing on investing in innovative founders across multiple parts of the digital asset ecosystem, made its debut in October.

The NFT industry has seen a surge in interest in recent months, with Google search volumes reaching new highs at the close of last year.

 

Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

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