The VanEck NFT Collection Is Now Available. Ethereum Is At The Heart Of This Project

VanEck’s new non-fungible tokens (NFTs) are intended to demonstrate the real-world utility of non-fungible tokens.

VanEck, a global investment management, has announced the creation of a community NFT based on Ethereum in collaboration with NUMOMO, a South Korean-based creative NFT firm. This is the company’s first such project, and it entails the distribution of 1,000 VanEck NFTs.

NFTs in the VanEck community

According to the official press release, the community NFTs are designed to demonstrate the real-world utility inherent in the NFT structure and will be based on a fictional character, Hammy (modeled after Alexander Hamilton). While explaining more on the character, JP Lee, VanEck Community NFT Co-Founder, said,

“Since NFTs first emerged as a means to showcase compelling digital art, we haven’t overlooked that part of the equation either. Our NFTs will all feature eye-popping 3D avatars and narrative-style videos that will help create a real sense of story and spur discussion, debate, and community. Our character ‘Hammy’ is going to be an outstanding guide for anyone interested in seeing the past, present, and future of finance unfold.”

VanEck intends to release a total of 1,000 NFTs, divided into three categories: commons (750), uncommon (230), and legendary (230). (approximately 20). Each NFT holder will be allowed access to a number of exclusive perks based on these three tiers. Furthermore, Matthew Bartlett, VanEck Community NFT Co-founder, stated that the initiative will function as a digital membership card that will grant holders access to a variety of events, digital asset research, and an inclusive community of digital asset enthusiasts and investors.

Van Eck, Jan Technology is favorable

The newest news comes less than three weeks after VanEck’s Chief Executive Officer, Jan van Eck, stated the “whole NFT phenomena” had “wowed” him. Blockchain technology, he said, would radically change Wall Street. The executive had previously stated that the reason for the delay in acceptance was due to the regulators.

The investment management introduced the Digital Assets Mining ETF (DAM) in March, which focuses on platforms involved in crypto asset mining. However, the US Securities and Exchange Commission has placed the company’s plans to launch a highly anticipated spot Bitcoin exchange-traded fund (ETF) on hold (SEC).

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Annie

CoinCu News