Minority-Owned META4 Capital Launches Private Investment Fund Focused On NFTs
Meta4 Fund Management, a cryptocurrency-focused investment management company, today announced the launch of Meta4 NFT Fund I, LP, an investment vehicle that will buy rare specimens of non-fungible tokens.
The Fund’s Managing Partners are Brandon Buchanan and Nabyl Charania.
The new private investment fund has secured a lead investment from Andreessen Horowitz (a16z) a venture capital firm that backs bold entrepreneurs building the future through technology.
It comes at a time when NFTs have become the most interesting, entertaining, and lucrative subsection of the cryptocurrency asset class.
The Fund will invest in digital art and collectibles (i.e., Bored Ape Yacht Club), gaming-related NFTs (i.e, Zed Run), and metaverse-related purchases, according to a press release.
Arianna Simpson, general partner, a16z Crypto, said: “NFTs are the driving force behind a new generation of internet products and services that are sharing value directly between the millions of developers, artists, collectors, and even gamers that participate -rather than platforms that simply act as a middleman.
“The Meta4 Capital team has a unique, proven pulse on the NFT market and across the web3 spectrum, and we’re thrilled to partner with them on this new fund,” she added.
Earlier this year, Meta4 Capital launched and deployed its pilot vehicle, Meta4 Capital, LLC, with a mandate to buy digital art and collectibles, purchase virtual land, and trade NFT-related cryptocurrencies.
That vehicle acquired dozens of non-fungible tokens from various projects, including CryptoPunks, Bored Ape Yacht Club, Meebits, Gutter Cat Gang, Zed Run, and Sandbox among others.