Read full article at Cointelegraph.com News.

VanEck, an investment firm with over $82 billion in assets under management, revealed its entrance into the Metaverse by releasing a collection of 1,000 nonfungible tokens (NFTs) on Monday.

The VanEck Community NFT, which is based on the Ethereum network, features an illustration of Alexander Hamilton called “Hammy” as he journeys through time and space in his quest to understand past, present and future financial policies. The New York-based investment management firm believes it will be able to showcase real-world usefulness for digital assets, as well as provide a forum for investors to learn more about digital assets through the collection. A statement on the announcement reads:

“Our character ‘Hammy’ is going to be an outstanding guide for anyone interested in seeing the past, present and future of finance unfold.”

The drop will be classified as commons (750), rare (230) and legendary (20). Each NFT owner will be eligible to take advantage of several unique perks based on these three levels. VanEck Community NFT co-founder Matt Barlett said that the initiative is designed to be a digital membership card that would grant unique access to a variety of events and educate users about cryptocurrency assets.

Related: Yuga Labs’ Otherdeeds NFT mint triggers backlash from community

The most recent development is less than three weeks after Jan van Eck, the CEO of VanEck, expressed his excitement about the “entire NFT phenomenon.” He reportedly stated that blockchain technology would revolutionize Wall Street, and regulatory difficulties were behind lagging adoption.

VanEck has launched several cryptocurrency offerings. Last year, the asset manager made headlines when the SEC rejected its application to establish the first Bitcoin (BTC) spot exchange-traded fund (ETF). However, in November, it launched its Bitcoin Strategy ETF, the first Bitcoin futures exchange-traded fund in the United States.

This article is strictly for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. CryptosOnline.com does not provide investment, tax, legal, business or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any loss or damage caused or alleged to be caused by, or in connection with, the use of or reliance on any content, goods, services or opinions mentioned in this article.

#Bitcoin #Crypto #Cryptocurrency

Categories:

Tags:

Comments are closed

Translate

Our Other Projects

EdgyBranding.com - Premium Domain Names.

Notezi.com - Social Network

ParisArtwork.org - Mid-century Paris NFTs, tokenized on the WAX blockchain.

NewYorkArtwork.org - Mid-century New York NFTs, tokenized on the Ethereum blockchain and offered on Rarible.

ClassicAutomobile.org - Classic Automobile News.

RSS
Facebook
Facebook
LinkedIn
LinkedIn