Mar 30, 2021
By: Borderless Capital
aNFT.Fund will power and bootstrap the Algorand NFT ecosystem and the creator’s economy
The $10 million Fund is focused on the booming creator economy, which has been enabled by non-fungible tokens (NFTs) as unique, non-replicable digital assets stored on the blockchain. Algorand is uniquely positioned as the foundation for an NFT ecosystem that is connected to DeFi and traditional models.
The creator economy exploded during 2020, with the total value of NFTs quadrupling to $250 million, according to market tracker nonfungible.com, with overall sales volume exceeding $220 million in February 2021 alone. NFTs can be used to represent a wide range of digital and physical assets in tokenized form - from art, books, music, gaming and films to tokenized real estate, collectibles, classic cars and even sports highlights.
Last week, Italy’s largest collective management organization, the Società Italiana degli Autori ed Editori (SIAE), announced that, for the very first time, the copyrights of over 95,000 authors were to be represented as digital assets in the form of more than 4 million NFTs, issued on Algorand’s public blockchain.
The aNFT.Fund will invest in businesses across the emerging Algorand NFT ecosystem, including marketplaces, tooling, NFTs finance applications, and community projects, among others.
“The aNFT fund is designed to accelerate the growth of the creator economy by backing companies and projects that serve the emerging needs of artists, game developers, content creators and consumers, as well as investors, collectors and brands that can leverage the technological superiority of the Algorand NFT ecosystem,” said David Garcia, CEO & Managing Partner of Borderless Capital.
For more information about the aNFT Fund, please visit https://anft.fund/.
About Borderless Capital
Borderless Capital is a modern financial institution investing capital and building financial products that accelerate access, bootstrap adoption and creates value globally through the Algorand Borderless Economy.
For more information, visit https://borderlesscapital.io/.