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Cryptocurrency Arca Investment Company Launches New $30 Million NFT Fund

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Cryptocurrencies have been getting insanely popularly.

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Along with crypto and blockchain craze also came the trend of Non-Fungible Tokens (NFTs).

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Recently, asset management firm Arca Investments launched an NFT fund that aims to raise $30 Million.

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At the time of writing this article, the fund has also raised $11.4 million from 68 investors. Only the existing Arca Limited Partners are eligible to subscribe to the NFT Fund.

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The NFT fund will be managed by Sasha Fleyshman and Jeff Dorman will lead it as the Chief Investment Officer.

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According to CoinDesk, the Chief Marketing Officer of Arca Sumana Maitra said that “We decided to create a standalone vehicle based on the lifecycle of the NFT ecosystem … [that] was mature enough for a fund but still very early.”

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Cryptocurrency Arca Investment Company Launches New $30 Million NFT Fund