Venture capital firm 1confirmation announces the launch of a $100 million NFT fund

On June 22, 1confirmation, a venture capital firm, announced the launch of a $100 million NFT fund. 1confirmation said the fund will invest directly in NFTs and have a 10-year life cycle. Nick Tomaino, founder of 1confirmation, said that NFTs will subvert cryptocurrencies within ten years, because people care more about culture (games, art, music, etc.) than finance; although NFTs have higher risks, 1confirmation is still optimistic about NFT assets.

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