Crypto investment firm raises $50 million for fund that will buy individual NFTs

Crypto asset management firm Arca has closed a $50 million fund dedicated to investing in individual NFTs.

The firm said in a press release on Thursday that it would focus on individual NFTs because many items have immediate cash flows and yields, and unique properties that accrue directly to the token holder.Existing investments include Alethea, CXIP, Portals, Raremint and Recur. Future acquisitions will include digital property, in-game assets, passive income generators, art and collectibles, DeFi integrated NFTs, utility and reward based NFTs, AI NFTs, identity tokens and royalty streams.

The fund will also focus on investing in the tokens underpinning the ecosystem, such as gaming assets, infrastructure, metaverse related tokens and utility tokens that shape the fabric of the burgeoning NFT economy.of Arca's Endeavor Fund, an early-stage, closed-end venture fund focused on investing in innovative founders across various segments of the digital asset ecosystem.

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