Accelerate Financial Fires Up NFT-Based Fund

Accelerate Financial Fires Up NFT-Based Fund

The Web3-based investment initiative will supposedly provide more exposure to the metaverse.

On June 29th, Accelerate Financial Technologies, a Canada-based alternative investment solution provider, launched its non-fungible token (NFT) fund, dubbed the Accelerate NFT Fund LP.

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According to the official statement, the initiative will reportedly pave the way for investors to securely access the NFT market. Moreover, the Accelerate NFT Fund will possess “blue chip” NFTs, including Bored Ape Yacht Club (BAYC) and CryptoPunks collections, that will provide the company with more exposure to Web3. The CEO of Accelerate Julian Klymochko added:

“Current blue-chip NFT prices provide long-term investors with potential 10x returns, analogous to bitcoin in 2013.”

The CEO expressed his strong belief in NFTs, indicating that such digital assets provide the means to not only participate in Web3 but also to own it.

On top of that, Klymochko also noted that the fund will also feature “institutional-caliber digital asset storage” via Tetra Trust, Canada's first licensed digital asset custodian.

Accelerate, founded in 2018, is an investment organization that offers a wide range of crypto, hedge fund, and decentralized finance (DeFi) exchange-traded funds (ETFs) for investors.

In other news, yesterday, the kid-safe NFT education platform Zigazoo announced that it managed to raise $17M while participating in a Series A funding round led by Liberty City Ventures. As the company stated, the capital will be leveraged to expand its Web3 offerings, including a brand new NFT marketplace that will be developed for digital services in the near future.

Gyth L. - Crypto Analyst

by Gyth L. - Crypto Analyst, BitDegree


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