By Alicia Maher
Singapore-based fund management firm, 3AC, has announced an NFT fund named starry night capital. The company partnered with famous NFT collector Vincent Gough for the launch.
One New Partner For This Project
The famed NFT collector revealed on Twitter that the reason behind owning the NFT platform is to get exposed to the massive evolution to arts caused by NFTs and own the best of these arts. One of 3AC’s co-founders responded to the tweet, saying, “it is an exciting period to make history.”
The crypto asset management firm was founded nine years ago. It has investments in Polkadot, Avalanche, and Ethereum. It also has a massive DeFi portfolio such as balancer, Synthetix, Aave, and Blueships. Even though the team is yet to reveal any schedule regarding the development of the fund, one of 3AC’s executives opined that the NFT fund management firm is intended to be launched physically in various top cities.
It will also incorporate an education portal and other community-related projects before the year ends. Van dough said, “the NFT space thrives with competition, and as the space becomes bigger, the merrier it becomes for everyone.”
NFTs Are Being Purchased Already
Three days ago, top digital art collector, Pixelpete, revealed on Twitter that he just sold his unique digital art to the partners of the starry night capital NFT investment fund. The digital art was sold for 1,850 ETH (worth about $5.9m). But the buyers didn’t disclose whether the purchase is for personal use or their new company.
Van Dough has an impressive collection of NFTs going through his open sea NFT collections. NFT enthusiasts on Twitter have been showering encomiums on the founders of the NFT investment firm.
There was one critic, though – Edgar Dubroviskiy. He questioned the reasoning behind purchasing only the best digital art pieces stating that such NFTs usually suffer from poor liquidity despite being expensive.
Iconic Fashion Brand Launches Logo As An NFT
DKNY has announced the launch of its NFT (the company’s famous logo) in partnership with Obvious (a France-based art collective firm). The brand is launching an NFT of its former logo after redesigning it. Its new brand is deemed towards the younger generation.
DKNY performed the auction of the NFT on RAD, an NFT market platform for blockchain technology firms. While expressing its excitement regarding the partnership, a top executive of Obvious stated that “AI gives us new creative freedom whether in art or other creative forms. Creators can derive inspiration from these algorithms and develop greater creative works.”
Envoy And Superfarm Strikes A Partnership
The two NFT related firms announced that they are forming a partnership to enhance wider NFT adoption. Part of the partnership deal would involve developing high-worth NFTs, which would allow for various promotions and yield opportunities.
Also, users on the two partners’ platforms can leverage each platform’s audience. For example, NFT creators on Envoy can expose their creative works to a large superpower audience. At the same time, Superfarm customers can access digital arts not available elsewhere from the creators of Envoy.