Delphi Digital – a cryptocurrency research and investment firm – announced that it will be launching the “Delphi InfinNFT” fund, a new investment wing focused on NFTs and the NFT ecosystem.
The goal of the fund is to find protocols that are moving the NFT space forward and build the infrastructure that is needed. Delphi Digital will help the best and brightest teams in the NFT space and give them the resources they need to succeed in the ecosystem.
At least 80% of the fund’s capital will be deployed in the first six to nine months to protocols that fit the fund’s vision, and Delphi Digital will be working directly with the teams selected to help them become a core piece of the NFT ecosystem long-term.
Delphi Digital has collaborated with the anonymous investor Gmoney to manage the fund, who made headlines earlier this year for purchasing a CryptoPunk for $176, 000. Delphi is also no stranger to NFTs after having previously purchased several rare Mystic Axies. However, even though they are incredibly bullish on Axies and gaming NFTs, the team will be looking into a broad range of NFT uses cases.
Delphi co-founder Yan Liberman stated in an interview with CoinTelegraph: “Axies, and gaming NFT’s in general, are just one subsector of NFTs that we’re incredibly bullish on. We believe the majority of applications haven’t been thought of yet, which is what makes us incredibly excited to launch this fund.”
This is certainly incredible news for the future of NFT, NFT infrastructure, and utility.
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Ivelina is an NFT and Blockchain lover. She has a knack for putting complex concepts into simple words.