NFT. There is a picture of a person
There is a picture of a person
A fund that will give investors exposure to the booming world of non-fungible token hit the market Thursday. It's called NFTZ.
The fund is investing in companies with exposure to the NFT market and the criptocurrency market.
NFTs, digital collectibles tied to the ledger, have soared in popularity this year. As of October, Defiance said total trading volume was fifteen billion dollars.
The NFT revolution will fundamentally change the economic model for artists, athletes, creators, and many more industries that we can't even imagine. Sylvia said in a statement to Insider. "NFTs could be bigger than the internet."
The fund is not limited to NFTs. The companies are key players in the metaverse. The next phase of the internet is called the metaverse, a digital world where people can interact. Some people think that NFTs and the technology of the internet are the key to unlocking it.
Some of the fund's biggest investments include Silvergate, Marathon Digital holdings and Bitfarms.
There are a number of new exchange traded funds this year. The Roundhill Ball Metaverse Exchange Traded Fund has seen a six-fold increase in its inflows since the company changed its name to Meta. The fund started with a few million dollars and now has $821.2 million in assets. In October, the first-ever bitcoin-related exchange traded fund in the US began trading and enjoyed a huge debut.
Business Insider has an original article.
