[ad_1]
Enterprise agency 1confirmation has launched a brand new $100 million fund for NFT tasks. The corporate will spend money on gaming, artwork, and different startups, with the primary give attention to new tasks.
1confirmation founder Nick Tomaino made the announcement in a blog post. “Probably the most attention-grabbing creators of video games, manufacturers, artwork, music and extra at the moment are trying to make the most of NFTs and our new fund is devoted to supporting them early of their journey,” he stated.
The fund has a 10-year life cycle, with 1confirmation planning to give attention to long-term investments slightly than pursuing fast revenue.
NFTs seem like a speculative on line casino on the floor however the reality is they provide a greater enterprise mannequin for creators and empower customers to turn into house owners
— Nick Tomaino (@NTmoney) June 22, 2022
“Whereas there’s a short-term buying and selling tradition led by influencers in NFTs at present, that’s not our sport,” Tomaino famous. “We’ve realized from our enterprise funds that the most important impression comes from making long-term bets on genuine groups doing new issues which might be pushing the area ahead.”
1confirmation has already invested in OpenSea, Coinbase, Nexus Mutual, and different blockchain corporations. The agency now has over $1 billion in property below its administration.
Earlier this month, a number of different corporations introduced their very own blockchain funds. The record contains Immutable’s $500 fund for Web3 games, Animoca Manufacturers’ $146 million fund, and Solana’s $100 million fund for GameFi and NFT tasks in South Korea.
[ad_2]
Source link
