New Delhi, May 19 (IANS) Leading investment firm Andreessen Horowitz (A16Z) has launched a $600 million fund exclusively focused on the gaming industry.
The fund plans to invest about half of the fund in so-called “blue-chip NFTs” including popular projects like CryptoPunks, Art Blocks and Bored Apes as well as works from popular artists selling singular NFT works.
The world of NFTs is never boring – as long as the money never stops. As investors continue to pour billions into the sector, albeit at a slower pace, more and more crypto buyers are sponsoring funds to support NFT platforms, projects, and the non-fungible tokens themselves. While dedicated funds dedicated solely to NFTs as an asset class are beginning to emerge, this is still a risky space for the larger institutional firms. However, that doesn’t stop these investors from becoming LPs in the NFT funds themselves. A number of prominent Silicon Valley crypto VCs have backed a new nascent
The world of NFTs is never dull — as long as the money never stops. While investors continue to pour billions into the sector, albeit at a slowing pace, more crypto buyers are spinning up funds to back NFT platforms, projects and the non-fungible tokens themselves. While dedicated funds solely devoted to NFTs as an […]