NFTs starting to attract institutional interest

NFTs are definitely here to stay. Other than the ever-rising interest from the general public (together with prices of course), they are starting to attract institutions.

Last week VISA bought a $150k CryptoPunk for its “collection of historic commerce artifacts”.

Yesterday a crypto-hedge fund Three Arrows announced the creation of a specialized NFT fund called Starry Night Capital, intending to “assemble the world’s finest collection of NFTs”.

NFT is a separate asset class now, and it’s growing at incredible speed, pushing not only art lovers and collectors, but also regular finance guys to consider it for their portfolios.