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New NFT Fund to Be Launched By Three Arrows Capital and Digital Art Trader

Kyle Davies and Su Zhu, the creators of Three Arrows Capital, have teamed up with leading digital art traders to establish a new platform focused on non-fungible tokens (NFTs). It has been revealed that VincentVanDough is collaborating with hedge fund professionals to launch the business that will specialize in gathering superior NFTs as part of Starry Night Capital.

“We feel that the greatest approach to acquire exposure to the cultural paradigm change being brought in by NFTs is to buy the top components from the most sought-after sets.” VincentVanDough went on to state; “Starry Night Capital will strive to do better for the advancement of the NFT space.”

He furthermore added; “As a result, we are aware of the worries many people have about money entering this area, and we will do all in our power to It is our goal to launch an NFT education portal, explore ways to increase exposure for emerging artists, open a gallery in a major city, ensure that works from our collection are accessible to the public via virtual galleries and experiment with various community-building initiatives before the year is out. For the sake of the larger community, we aim to be excellent custodians of the place. We utilize our influence to strengthen others. A zero-sum game does not exist in the NFT space. As a result of the powerful flywheel effect it works best when the pie grows for everyone.”

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NFT’s Rapid Adoption, Risks, and Reward

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The introduction of the NFT fund coincides with a surge in the digital collectibles industry. Twenty-first-century NFT sales totaled $2 billion in the first six months. CryptoPunks, another NFT initiative, had its best-ever month in August.

CEO of crypto futures market FTX Sam Bankman-Fried believes that non-fungible token (NFT) adoption is accelerating quicker than anything he’s ever seen. However, when it comes to the fast adoption of new trends, Bankman-Fried warns that both excitement and risk are involved.

In a recent press release, Visa revealed that they have acquired an NFT.  As a result, everyone is jumping into the NFT game in one way or the other. The enthusiasm is palpable, but many people aren’t sure what to do with it. In my opinion, it’s moving quicker than the general public is aware of it, which is a strange phenomenon.

Bankman-Fried states; “It may lead to massive adoption, but it could also leave people with a bad taste in their mouths if there’s a crash and no one can figure out what caused it. A ‘CryptoPunk’ NFT was just purchased by Visa for approximately $150,000 in Ethereum.”

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From $13.7 million to $2.5 billion in the first two quarters of 2021, NFT sales have skyrocketed. Bankman-Fried thinks that contrary to popular opinion, there’s still space for greater growth in the crypto sector. He says that the field is still in its infancy. “It’s extremely hard to predict where it’s going to go in the medium- to long-term.”


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Shelly Melancon (Switzerland)

Shelly is a cryptocurrency enthusiast from Switzerland, she bought her first crypto in 2015 when it was way less popular then it is today and since 2017 she has been writing about cryptocurrency for online news portals. Shelly is the newest addition to the Tokenhell team, she writes mostly news and reviews related articles , stay tuned to her posts to stay up to date with the crypto world.

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