Alternative investment firm AccelerateFT is launching an NFT fund, and CEO JulianKlymochko says Web 3 growth is just beginning. mikeybellusci reports
is starting an NFT fund in a bid to capitalize on longer-term growth in the Web 3 ecosystem.
The Accelerate NFT Fund LP will open for business tomorrow, with plans to own a mix of “blue chip” NFTs, including CryptoPunks and Bored Ape Yacht Club collections, according to a company statement. “We are still in the first inning of the growth of Web 3 and believe the best way to gain exposure to Web 3 is through blue-chip NFTs,” CEO Julian Klymochko told CoinDesk. “Current blue-chip NFT prices provide long-term investors with potential 10x returns, analogous to bitcoin in 2013,” he added.
Though he expects NFT floors and ether prices may have bottomed, Klymochko acknowledged the volatility in NFTs as an asset class. Sector drawdowns, he said, will provide strong opportunities for experienced traders.Read more about
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NFT NYC showcased the wild and opulent world of NFT cultureDespite the slumping crypto market in the background, the 4th annual NFT NYC focused on NFT riches and featured glamourous parties.
Read more »
Bored Ape NFT maker Yuga Labs sues artist, claiming he copied tokensThe creator of the popular Bored Ape Yacht Club non-fungible tokens has sued an artist in Los Angeles federal court, accusing him of selling copycats that are confusing potential buyers.
Read more »
Fewocious Brings a Collaborative, All-Ages Paint Party to NFT.NYCThe game-changing digital artist fewocious reimagined the Billboard logo for the BillboardPride issue.
Read more »
The Fast and the Furious vehicle designer, Craig Lieberman, partners with Y0 NFTThe y0_nft project is spearheaded by Cunningheim, a Hollywood motion picture vehicle designer and founder of y0, with Craig Lieberman, technical advisor for the first two Fast and Furious films. Innovation and utility await you! [SPONSORED]
Read more »
NFT Platform XCarnival Under Attack: Malefactors Use BAYC TokenAs result of negotiations, hackers have already returned large portion of assets drained from XCarnival's reserve
Read more »
Gucci Enters Its Next Century of Art and Fashion With an NFT Collection That Includes a GG-Monogrammed Bionic Body | Artnet NewsGucci (gucci) enters its next century of art and fashion with an NFT collection that includes a GG-monogrammed bionic body:
Read more »