US-based asset management firm VanEck is entering the metaverse by unveiling a collection of 1,000 non-fungible tokens (NFTs). This will offer access to exclusive benefits for holders.
VanEck launches into NFTs
Known as one of the leaders in digital investments, VanEck continues to pave the way to the world of tomorrow. The American investment fund has just announced the launch of VanEck Community NFT, the first collection of non-fungible tokens (NFTs) offered by an asset management company.
It will consist of 1,000 unique NFTs, distributed to 1,000 random people who want early access to investment opportunities and participate in both real and virtual events. Holding an NFT will also provide “exclusive access to an inclusive community that is both free and of real value.
While NFTs are often compared to digital artworks, they are also used to tokenize everything around us. This can be elements of video games or even real estate, as RealT does, for example. Concretely, VanEck describes VanEck Community NFT as a digital membership card.
What to expect from VanEck Community NFT?
The first version of the NFTs will be sent to selected participants later this week. It will be based on a fictional character, Hammy, adapted from the famous Alexander Hamilton, founding father of the United States. He will be in the middle of a time travel, sailing between the past and the future to understand the world of finance.
At the end of May, the NFTs will be upgraded to the final version, a high quality 3D avatar. They will each have varying attributes of varying rarity, allowing them to be classified as 750 common, 230 rare and 20 legendary. Each NFT owner will be able to enjoy several unique benefits based on these three levels of rarity.
“The VanEck Community NFT allows VanEck to foster engagement and community among those who are passionate about finance and crypto.”
The move comes barely a month after Jan van Eck, the CEO of the eponymous company, showed his excitement for the sector at the Bitcoin Miami 2022 conference. In particular, he had expressed his interest in the NFT phenomenon and claimed that blockchain technology could revolutionize Wall Street.
Incidentally, VanEck is not new to the cryptocurrency industry. Last year, the U.S. company was notably denied the creation of a Bitcoin spot ETF by the Securities and Exchange Commission (SEC).
