The aNFT fund is designed to accelerate the growth of the creator economy, which has been enabled by non-fungible tokens (NFTs) as unique, non-replicable digital assets stored on the blockchain, by backing companies and projects that serve the emerging needs of artists, game developers, content creators and consumers, as well as investors, collectors and brands that can leverage the Algorand NFT ecosystem.
NFTs can be used to represent a wide range of digital and physical assets in tokenized form – from art, books, music, gaming and films to tokenized real estate, collectibles, classic cars and even sports highlights.
The aNFT.Fund will invest in businesses across the emerging Algorand NFT ecosystem, including marketplaces, tooling, NFTs finance applications, and community projects, among others.
Algorand is a blockchain that can protect the permanent uniqueness of NFTs. NFTs are issued, managed, accessed and distributed on Algorand, with advanced tooling available on a scalable network with negligible transaction fees.
The creator economy exploded during 2020, with the total value of NFTs quadrupling to $250m, according to market tracker nonfungible.com, with overall sales volume exceeding $220m in February 2021 alone.
Led by David Garcia, CEO & Managing Partner, Borderless Capital is a financial institution investing capital and building financial products that accelerate access, bootstrap adoption and creates value globally through the Algorand Borderless Economy.