14.8 C
Munich

Nftsdixon andreessenhorowitz

Must read

Pakistan Currency Rate: Decoding the Mysteries of Rupees and Exchange Rates

Hey there, fellow curious minds! Today, we're diving into the world of Pakistan currency rates. Don't worry; we'll make it as easy as pie...

The Arrest of Donald Trump and the World of Billionaires

The news of Donald Trump's arrest sent shockwaves through the global media landscape. As the former President of the United States, Trump had been...

American Airlines Stock: Soaring to the Skies or Turbulence Ahead?

Hey there, fellow investors and curious minds! Today, we're going to take a ride through the clouds and explore American Airlines stock. Now, I...

Business Ideas for Women

In recent years, the world has witnessed a remarkable shift in the role of women in business. Gone are the days when the business...

Nftsdixon andreessenhorowitz is never boring, as long as there is money. Although investors continue to invest billions in the sector at a slower pace, more crypto buyers are raising funds to support NFT platforms, projects, and non-fungible tokens.

Although dedicated funds that are solely focused on NFTs as an investment class are beginning to appear, it is still risky territory for larger institutional firms. However, this is not stopping investors from becoming LPs of NFT funds. Numerous Silicon Valley crypto VCs supported a new fund that was launched by Andrew Jiang, Todd Goldberg, and other prominent investors. Read the article about Nftsdixon andreessenhorowitz.

Curated, a $30 million fund, is dedicated to NFT artwork. The fund is supported by a wide range of crypto investors. LPs include a large chunk of a16z’s investing team (Marc Andreessen and Chris Dixon, Arianna Simpson, and Jon Lai), along with Alexis Ohanian and Justin Kan, Electric Capital’s Avichal Garg, and Curtis Spencer, and many other investors and founders.

Know About Nftsdixon andreessenhorowitz

The fund will invest approximately half of its funds in “blue-chip NFTs”, which include popular projects such as CryptoPunks or Art Blocks. It also plans to invest in works by popular artists who sell single NFT works. Jiang and Goldberg consider the other half of this fund to be “high-potential collections” from artists who have smaller markets.

In an interview, Goldberg told TechCrunch that NFT assets were what he believes will be a big deal in the next decade. NFTs allow us to invest in culture at an internet scale and give us a digital native way to do so. We want to be a high-signal collector, which acquires top assets, and also helps creators and builders.

Goldberg said that the firm might also consider doing its own NFT drops and partnering with artists in their portfolio.

While the NFT market continues to bring in billions of dollars, investment seems to be slowing over recent weeks. According to DappRadar, OpenSea has processed $2.3 billion in transactions over the last 30 days. This is a 40% drop from the 30-day prior.

Goldberg states that “the market has been frosty, but we’re kinda entering a bear market,” which is actually great news for the fund, as we are patient capital. We’ll wait until the best opportunities arise to enter these positions, then we’ll hold on to these assets long-term. Although it doesn’t seem like a significant advantage, long-term patient capital is actually a strategic advantage in this market, which is short-term-focused.

Jiang is the principal manager of the fund. He previously co-founded the hardware startup Soda Labs and the YC-backed nonprofit Bayes Impact. Goldberg, who cofounded Eventjoy’s ticketing platform, has an equity fund that he runs with Superhuman founder Rahul Vohra. Many of the fund’s founders, including Dapper Labs founders and Manifold founders, are backers of Curated.

Admin Mail : [email protected]

- Advertisement -

Latest article

Pakistan Currency Rate: Decoding the Mysteries of Rupees and Exchange Rates

Hey there, fellow curious minds! Today, we're diving into the world of Pakistan currency rates. Don't worry; we'll make it as easy as pie...

The Arrest of Donald Trump and the World of Billionaires

The news of Donald Trump's arrest sent shockwaves through the global media landscape. As the former President of the United States, Trump had been...

American Airlines Stock: Soaring to the Skies or Turbulence Ahead?

Hey there, fellow investors and curious minds! Today, we're going to take a ride through the clouds and explore American Airlines stock. Now, I...

Business Ideas for Women

In recent years, the world has witnessed a remarkable shift in the role of women in business. Gone are the days when the business...

Slot88-25 Winners’ Stories: Real-Life Jackpot Triumphs

Slot88, with its 25 paylines and enticing gameplay, has witnessed countless moments of excitement and triumph for players around the world. In this article,...
error: Content is protected !!