Ex-Ledger Executives to Raise $25M for NFT Art Fund
According to reports, Jean Michel Pailhon, a former Ledger executive, is raising up to $25 million for an NFT art fund. The fund will give priority to blockchai
According to reports, Jean Michel Pailhon, a former Ledger executive, is raising up to $25 million for an NFT art fund. The fund will give priority to blockchain art with “cultural influence”. The fund hopes to mainly attract non encrypted local investors, paying special attention to institutions that already hold physical artwork in their offices and want to access blockchain based NFT artwork.
Jean Michel Pailhon, a former executive at Ledger, raised $25 million for the NFT Art Fund
Analysis based on this information:
Jean Michel Pailhon, a former executive of Ledger, is reportedly raising up to $25 million for an NFT art fund. NFT refers to non-fungible tokens, which are unique digital assets that can be bought, sold, and traded on the blockchain. The fund aims to give priority to blockchain art with “cultural influence.” The primary goal is to attract non-encrypted local investors, particularly institutions that already hold physical artwork in their offices and want to access blockchain-based NFT artwork.
The NFT market has seen a massive boom in recent months, with digital art selling for millions of dollars. The fund intends to capitalize on this trend by investing in blockchain art that has cultural significance and value. The fund plans to provide investors access to NFT artworks through a diversified portfolio of high-quality digital art assets.
The fund hopes to appeal to investors who are interested in diversifying their portfolios with digital assets while also discovering and supporting new artists. The fund’s focus on cultural significance and value is intriguing, as it offers a unique angle on the market that could set it apart from other NFT art funds.
The news of the NFT art fund comes at a time when the art world is increasingly embracing blockchain technology. Numerous museums and galleries have begun to explore blockchain’s potential in securing provenance and authenticity, proving that the art market is open to innovation.
In conclusion, the announcement of a new NFT art fund by ex-Ledger executives is a compelling development, marking the increasing trend of blockchain art investment. The focus on culture and non-encrypted investors marks the potential for the artistic and financial value of NFTs to expand. Overall, this step serves to increase the potential for the mainstream adoption of digital art as an investment.
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