1confirmation NFT Fund

The most impactful technology products start as retail phenomenons that are perceived to be too risky by institutions. Years later after early adopters put the work in and more people start believing, they become compelling to institutions. This was certainly true for Bitcoin and Ethereum roughly 5 years ago, and we think it is true for NFTs today. In 2017 we launched one of the first venture funds dedicated to investing in cryptocurrencies and companies in the space and today we’re launching a new fund dedicated to investing directly in NFTs.

NFTs look useless to outsiders on the surface but the truth is they offer a new business model for content creators and empower consumers to become owners. The most interesting creators of games, brands, art, music and more are now looking to utilize NFTs and our new fund is dedicated to supporting them early in their journey. Our new $100M vehicle will get some exposure to authentic bluechip collections like Punks and Nouns, but we’re primarily focused on investing in new projects across categories we’ve backed companies around like gaming, art, photography and music as well as new categories we haven’t event thought of yet.

While there is a short-term trading culture led by influencers in NFTs today, that’s not our game. We’ve learned from our venture funds that the biggest impact comes from making long-term bets on authentic teams doing new things that are pushing the space forward. Our NFT fund has a 10 year life and we’ll be patiently making long-term investments that we believe have venture upside (20x+) in this new asset class. There will be ups and downs along the way no doubt, but we think the future in this new asset class is bright 😎

About 1confirmation: High conviction investors in authentic projects like Coinbase, OpenSea, SuperRare, dYdX, Nexus Mutual and more. Started in 2017 with $5M, now $1B+ in AUM.