Investment Firm VanEck Drops 1,000-NFT Collection, Aims to Educate Investors

On Monday, the New York-based investment firm VanEck — which has more than $82 billion in assets under management — released its own NFT collection as part of its move to enter the metaverse. The firm’s Ethereum-based community NFT consists of 1,000 tokens following the journey of “Hammy” — an illustration of Alexander Hamilton — who travels through time to grasp the financial policies of the past, present, and future.

Through the collection, VanEck aims to highlight the utility of digital assets in the physical world while providing a forum where investors may be able to better understand these assets. “Our character ‘Hammy’ is going to be an outstanding guide for anyone interested in seeing the past, present, and future of finance unfold,” explained the investment firm.

The drop consists of 750 commons, 230 rare, and 20 legendary tokens, each of which will enable owners to leverage certain perks depending on the level of their NFT. This initiative also serves as a form of digital membership card, and owners will be given unique access to various events, according to VanEck Community NFT co-founder Matt Barlett.

This move comes just three weeks after VanEck CEO Jan van Eck asserted his enthusiasm surrounding the “entire NFT phenomenon,” noting blockchain technology has the potential to revolutionize Wall Street. Prior to the release of the collection, however, the firm had already been making moves to offer crypto products.

Last year, it planned to establish the first Bitcoin (BTC) spot exchange-traded fund (ETF), but the application was later rejected by the Securities and Exchange Commission (SEC). However, in November, it successfully launched the first Bitcoin futures exchange-traded fund in the United States with its Bitcoin Strategy ETF.

Source: CoinTelegraph