Cryptocurrencies
VC Fund Will Invest in NFT Swords and Other Video Game Items
Sfermion is seeking $100 million for investments in nonfungible tokens in games.
Source: Bloomberg
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Venture capitalists generally invest in startups. A new fund from the Chicago-based firm Sfermion will invest in virtual ice swords.
Sfermion is seeking $100 million for the new fund, which it will invest mostly in nonfungible tokens designed for video games, the company plans to announce in June. It has raised roughly a fifth of the total so far.