Crypto Investment Firm Arca Launches $30M Fund Dedicated to NFTs

Posted on by American Coins & Gold

Crypto Investment Firm Arca Launches M Fund Dedicated to NFTs
Asset management firm Arca has launched a new $30 million fund dedicated to non-fungible tokens (NFTs), according to a new regulatory filing.Arca, which had a total of $500 million in assets under management as of the third quarter, began accepting investments in the Arca NFT Fund on Nov. 15 and has so far raised $11.4 million from 68 inventors toward its total $30 million goal.Arca tells CoinDesk the fund is only open to existing Arca LPs and is already oversubscribed.“We decided to create a standalone vehicle based on the lifecycle of the NFT ecosystem… [that] was mature enough for a…