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We’ve been talking more and more about NFTs, aka non-fungible tokens. First, these tokens took over the world of digital art, then they altered the world of online gaming. However, only creators, art auctions, and online games could use and enjoy these unique pieces of digital content. Now, these tokens have entered the world of finance thanks to NFT funds.
At their heart, these tokens are a collection of data, always unique and not interchangeable with other tokens. The Miami-based company Meta4 Capital is challenging the use of NFTs, making its debut in the world of capital. If this startup is successful, it introduces institutional investment firms to blockchain technology and cryptocurrencies.
Reimagining capital and value
As we said, the revolution started with Meta4 Capital, which is a cryptocurrency investment management firm. In October 2021, the company launched a new fund to invest in so-called non-fungible tokens, hence the NFT funds. Thanks to Silicon Valley investors, Meta4 Capital aims to raise $100 million, also through the partnership with venture capital firm Andreessen Horowitz.
“This gives investors who don’t necessarily want to buy (NFTs) themselves but want to have exposure to the asset class, a venue to do it,” said Meta4’s managing partner Brandon Buchanan to Reuters. So, invest in the fund, not in the token.
NFT funds, apes, and punks
If it rhymes, it flies. No pun intended. Since non-fungible tokens are digital content, the company from Florida had to collect online art, and digital pieces of unique content. Anyone who wants to join Meta4 Capital in its blockchain and crypto adventure can head to the website to pick and choose. There, you can find apes, digital horses, and grumpy cats.
The horses are especially interesting since they come from the stables of Zed Run, a platform with horses that race through the blockchain. Of course, the NFT funds include collectibles, which are the basis for any non-fungible token. If you decide to join in the fun, you can collect colorful toads, cool cats with TVs as a head, and robot trooper Meka.
Whether you prefer the ape or the doggy with a bone, the transactions to join NFT funds are safe. In fact, every purchase or sale runs through blockchain technology, which focuses on transparency. With this technology, every step is verifiable. You can trace any piece of information or content back to its original source, making sure the transaction is trustworthy.
Quantity isn’t important: quality is.
”I’m telling investors that the tsunami has not even hit yet; we need this stuff and we need it now—we need an alien and we need an ape,” Buchanan told TechCrunch in an interview.
Why it matters
If we needed more proof that the future could be crypto, this is it. NFT funds show us how blockchain is becoming more and more relevant. And so is a cryptocurrency, despite the attempts to impede it—at least by some governments. While regulators try to figure out how to deal with this digital, financial, and economic boom, users and citizens all around the world are betting on crypto.
