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Asset Management Company Arca Launches $30 Million Fund To Bet On NFT Space
Summary: According to a new filing for SEC, the asset management company Arca has launched a $30 million fund dedicated to non-fungible tokens (NFT). The new fund, named Arca NFT Fund, mainly focuses on digital property, game assets, art and collectibles, and how NFT interacts with decentralized finance (DeFi). As of the third quarter, Arca's total ...
According to a new filing for SEC, the asset management company Arca has launched a $30 million fund dedicated to non-fungible tokens (NFT).
The new fund, named Arca NFT Fund, mainly focuses on digital property, game assets, art and collectibles, and how NFT interacts with decentralized finance (DeFi).
As of the third quarter, Arca's total assets under management were $500 million. The filing shows that as of November 23, the fund has raised $11.4 million from 68 investors. An Arca spokesperson told Coindesk that the fund is only open to existing Arca liquidity providers (LP) and has been oversubscribed.
By Mary Liu
Tags: Arca,DeFi,NFT
Link: Asset Management Company Arca Launches $30 Million Fund To Bet On NFT Space [Copy]
