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VanEck Launches 1,000 Alexander Hamilton-Based NFTs
Summary: VanEck, a New York-based investment management firm, behind XBTF, a Bitcoin futures-based exchange-traded fund (ETF), launched a collection of 1,000 non-fungible tokens (NFTs) on Monday, according to a press release. VanEck also took to Twitter to make the release official: While the release started on Monday, with the first 1,000 people to sign up getting ...
VanEck, a New York-based investment management firm, behind XBTF, a Bitcoin futures-based exchange-traded fund (ETF), launched a collection of 1,000 non-fungible tokens (NFTs) on Monday, according to a press release.
VanEck also took to Twitter to make the release official:
While the release started on Monday, with the first 1,000 people to sign up getting the access to them, the NFTs won’t fully develop into their finalized versions until the end of May.
The Ethereum-based collection, known as the VanEck Community NFT, will revolve around an Alexander Hamilton caricature, named “Hammy,” as he navigates and explores the past, present and future of financial policy. In doing so, VanEck hopes to demonstrate real-world utility for digital assets and to provide a sense of community for investors in the space. VanEck partnered with NUMOMO, a South Korea-based NFT agency to help with the launch.
“We’ve designed the VanEck Community NFT to function like a digital membership card, providing NFT holders with exclusive access to a wide range of events, digital asset research and the insights of an inclusive community of digital assets enthusiasts and investors,” said Matthew Bartlett, VanEck Community NFT Co-Founder.
The 1,000 NFTs VanEck is launching will be divided into three categories: common, rare and legendary. There will be 750 “common,” 230 “rare” leaving 20 “legendary.” Of course, the more rare your NFT is, the more unique opportunities will come with it.
“Our NFTs will all feature eye-popping 3D avatars and narrative-style videos that will help create a real sense of story and spur discussion, debate and community,” said JP Lee, VanEck Community NFT Co-Founder, in the press release. “Our character ‘Hammy’ is going to be an outstanding guide for anyone interested in seeing the past, present and future of finance unfold.
This launch makes VanEck the first global asset manager to offer an NFT. However, despite them being new to the NFT realm, they have been long advocates for Bitcoin ETFs. The U.S. Securities and Exchange Commission (SEC) rejected their proposed Bitcoin spot ETF last November.
Author: Tyler Irvin
