META4 Capital Launches Private Investment Fund Focused on Non-Fungible Tokens; META4 NFT Fund I, LP
The investment vehicle will invest in rare digital art and collectibles with lead investment from Andreessen Horowitz.
MIAMI, Oct. 21, 2021 /PRNewswire/ -- Meta4 Fund Management, LLC ("Meta4 Capital"), a cryptocurrency-focused investment management company, today announced the launch of Meta4 NFT Fund I, LP (the "Fund"), an investment vehicle that will buy rare specimens of non-fungible tokens (NFTs). The Fund's Managing Partners are Brandon Buchanan and Nabyl Charania.
The new private investment fund, has secured a lead investment from Andreessen Horowitz (a16z), a venture capital firm that backs bold entrepreneurs building the future through technology. It comes at a time when NFTs have become the most interesting, entertaining and lucrative subsection of the cryptocurrency asset class. The Fund will invest in digital art and collectibles (i.e., Bored Ape Yacht Club), gaming-related NFTs (i.e, Zed Run), and metaverse related purchase (i.e., virtual land).
"NFTs are the driving force behind a new generation of internet products and services that are sharing value directly between the millions of developers, artists, collectors, and even gamers that participate -rather than platforms that simply act as a middleman. The Meta4 Capital team has a unique, proven pulse on the NFT market and across the web3 spectrum, and we're thrilled to partner with them on this new fund." - Arianna Simpson, general partner, a16z Crypto.
Earlier this year, Meta4 Capital launched and deployed its pilot vehicle, Meta4 Capital, LLC, with a mandate to buy digital art and collectibles, purchase virtual land and trade NFT-related cryptocurrencies. That vehicle acquired dozens of non-fungible tokens from various projects, including CryptoPunks, Bored Ape Yacht Club, Meebits, Gutter Cat Gang, Zed Run and Sandbox among others.
"NFTs are more than just pixels. It's the intersection of culture, technology and finance. It represents a new way of thinking about the ways in which 'value' is accrued, harnessed and distributed. We are witnessing the disintermediation of intellectual property and where things are ultimately headed in web3 as a result of blockchain technology." -Brandon Buchanan
Meta4 was founded on the belief that NFTs are an example of a more intelligent internet, or Web3. Web3 represents how technologies have matured the web as we know it from being a place of information and connection into decentralized networks with powerful capabilities. One of, if not the most impressive outputs of this change is the shift to co-creation. This means creators of content have a direct relationship with consumers of that content and earn benefits of their content directly, with immediacy and regardless of future ownership of that content, while consumers enjoy an expanded relationship of value with the content creator.
"NFTs demonstrate a shift in the flow of value directly to the creator at a scale that has never been seen before. On top of that, NFTs further enable end users to become investor-partners aligned with creators. This is the internet evolution that we have been eagerly awaiting with NFTs marking the dawn of web 3.0 and the immersive internet." -Nabyl Charania
About Meta4 Capital:
Founded in 2021, Meta4 Capital is a cryptocurrency-focused investment management company based in Miami, Florida, investing in rare non-fungible tokens.
About Andreessen Horowitz:
Andreessen Horowitz backs bold entrepreneurs who move fast, think big, and are committed to building the next major franchises in technology. Founded by Marc Andreessen and Ben Horowitz, the firm provides entrepreneurs with access to expertise and insights in innovation, executive and technical talent, market intelligence, business development, and marketing and brand-building. Find us at www.a16z.com.
SOURCE META4
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