Sfermion raises $100M for NFT and metaverse ventures
Nonfungible token, or NFT, investment firm Sfermion has announced a secondary funding raise of $100 million — appropriately titled Fund II — from a number of established cryptocurrency investors including British billionaire Alan Howard, American entrepreneur Chris Dixon, Gemini co-founders Cameron and Tyler Winklevoss, and venture capital firm Digital Currency Group, among others.
Whereas predecessor Fund I focused solely on NFT investment opportunities, seven-figure Fund II will be utilized to “accelerate the emergence of an open, decentralized metaverse” through strategic investments.
Founded in 2019 by Andrew Steinwold, Sfermion is intent on identifying and investing in emerging projects, technologies and individuals within the NFT space
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