Bored Ape Yacht Club's success is changing the NFT landscape for good, according to industry experts.
that many of their clients had been looking for exposure in the NFT space without needing to crisscross through its daunting technology.a dedicated fund last mont, which tracks its own Bitwise Blue-Chip NFT Collections Index — a basket of the ten largest NFT collections weighted by market capitalization — and buys and holds artworks from BAYC, CryptoPunks, and other NFT projects.
"The opportunities afforded by the increased capital flow enhances the legitimacy of top NFT projects while allowing investors a diverse bet in crypto," she told Cointelegraph. "If Meta thinks that the future lies in the metaverse and that's where they are investing their time and energy, it only makes logical sense for asset managers to deploy funds towards the industry. As the space matures and there is more opportunities available, I am confident we will see many more metaverse related funds pop up to capitalize on the opportunity."
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