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CoinFund Set to Launch New Investment Vehicle Metaversal for NFTs

Amy Liu

Summary: Head of portfolio growth Vanessa Grellet Revealed CoinFund is doubling down on the non-fungible token (NFT) market with a new investment vehicle. The new vehicle will serve as both a way for investors to bet on the overall market and as a development studio for NFT companies. CoinFund has been one of the NFT market's ...

Head of portfolio growth Vanessa Grellet Revealed CoinFund is doubling down on the non-fungible token (NFT) market with a new investment vehicle. The new vehicle will serve as both a way for investors to bet on the overall market and as a development studio for NFT companies.

CoinFund has been one of the NFT market's most prominent bulls to date. Now it's launching Metaversal despite the recent slump in usage across platforms for trading blockchain-based collectibles NFT-based art and other assets.

Grellet said despite the slump there's still "so much demand. Even though you see a slowing down in the consumption, I think we are going to see a lot of tools around lending, around the financialization of NFTs that are going to make the NFT space even larger than other spaces like DeFi, etcetera" .

By Amy Liu

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