CoinFund’s Bold Bet on Rarible: Shaping the Future of Digital Art NFTs

The Investment Landscape for Digital Art NFTs

New York-based CoinFund has taken a significant step into the crypto world, investing in the burgeoning NFT marketplace, Rarible. This follows a trend of increasing interest in non-fungible tokens, particularly as digital content becomes more prevalent and valued in the art world.

Rarible’s Community-Driven Approach

In a recent announcement, Rarible disclosed their plans to utilize funding from a pre-seed round to enhance their NFT marketplace. This strategy focuses on creating a platform governed by the community—allowing users to influence the direction and features of the marketplace. Rarible isn’t just a passive venue; think of it as an art gallery where the visitors can change the exhibits!

Growth Projections in the NFT Sector

Rarible forecasts a staggering 50% growth in market capitalization, anticipating the NFT landscape will hit a hefty $315 million by 2020. If history has taught us anything, it’s that with crypto, if the number isn’t climbing, it’s probably out of the picture.

Tokenized Content: More than Just Images

CoinFund emphasizes that NFTs are not just about owning digital assets; they’re transforming perceptions of intellectual property rights. For instance, think about this: snapping a picture of the Mona Lisa doesn’t mean you can charge people $10.2 million to see it, right? NFTs have the potential to shift the ownership landscape entirely, allowing rights holders to monetize their assets in unprecedented ways.

The Financialization of NFTs

As the intellectual property rights move to the blockchain, CoinFund believes we’re on the brink of creating a brand new, major asset class with NFTs. These tokens are not just digital art—they are liquid expressions of rights that can be traded, sold, and auctioned like never before.

This significant shift creates a necessity for robust platforms that facilitate the buying, selling, and trading of these digital assets. With CoinFund’s investment in Rarible, they’re not just supporting art; they’re helping birth a new financial ecosystem.